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Scotiabank to price Leveraged Index Return Notes due 2021 on Stoxx
By Sarah Lizee
Olympia, Wash., July 16 – Bank of Nova Scotia plans to price 0% Leveraged Index Return Notes due July 2021 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 135% to 155% of any index gain, with the participation rate be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
BofA Merrill Lynch is the agent.
The notes will price in July and settle in August.
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