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Scotia eyes capped buffered enhanced participation notes on basket
Chicago, Feb. 1 – Bank of Nova Scotia plans to price 0% capped buffered enhanced participation notes due in 24 to 27 months linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 190% of the basket return, up to a maximum payout of between $1,604.01 and $1,708.70 per $1,000 of notes. Investors will receive par if the basket declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
Scotia Capital (USA) Inc. is the agent.
The Cusip number is 064159NH5.
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