Scotiabank plans Leveraged Index Return Notes due 2020 on index basket

By Sarah Lizee

Olympia, Wash., Oct. 12 – Bank of Nova Scotia plans to price 0% Leveraged Index Return Notes due in October 2020 linked to an international equity index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Euro Stoxx 50 index with an initial weight of 40%, each of the FTSE 100 index and the Nikkei Stock Average index with an initial weight of 20%, each of the Swiss Market index and the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.

If the basket return is positive, the payout at maturity will be par plus 215% to 235% of the basket gain.

Investors will be exposed to any basket decline.

BofA Merrill Lynch is the agent.

The notes will price in October and settle in November.

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