Scotiabank to price leveraged buffered notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Jan. 6 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Aug. 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return that is expected to be 40% to 45% and will be set at pricing.

Investors will receive par if the final index level is less than or equal to the initial index level but greater than or equal to the threshold level, 80% of the initial index level.

If the final index level is less than the threshold level, investors will lose 1% for every 1% that the index declines beyond 20%.

Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.

The notes will price Jan. 31.

The Cusip number is 064159JE7.

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