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Scotiabank to price three-year market-linked notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 23 – Bank of Nova Scotia plans to price market-linked notes due Nov. 2, 2020 with leveraged upside participation and contingent downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 170% to 180% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index falls by more than 20%.
Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the agents.
The notes will price on Oct. 30.
The Cusip number is 064159KH8.
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