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Scotia plans capped buffered enhanced participation notes on basket
By Sarah Lizee
Olympia, Wash., June 13 – Bank of Nova Scotia plans to price 0% capped buffered enhanced participation notes due in 46 to 49 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 19% weight, the Swiss Market index with a 10% 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 3 times the basket return, subject to a maximum settlement amount of between $1,659.40 and $1,773.70 per $1,000 of notes. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
Scotia Capital (USA) Inc. is the agent, with Goldman Sachs & Co. LLC as dealer.
The Cusip number is 064159PD2.
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