| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for FTSE 100 index > News item |
Scotiabank plans capped buffered enhanced notes linked to index basket
By Susanna Moon
Chicago, May 16 – Bank of Nova Scotia plans to price 24- to 27-month 0% capped buffered enhanced participation notes, series A, linked to basket of five indexes, according to a 424B5 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum amount of between $1,255 and $1,300 per $1,000 principal amount. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.
Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.
The Cusip number is 064159HR0.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.