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Scotiabank plans capped buffered notes linked to MSCI EAFE index
Scotiabank plans capped buffered notes linked to MSCI EAFE index
By Susanna Moon
Chicago, June 5 - Bank of Nova Scotia plans to price 0% series A capped buffered enhanced participation notes linked to the MSCI EAFE index, according to an SUPPL filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of $1,195.00 to $1,228.75 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond the 15% buffer.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.
The notes will price on June 7 and settle on June 14.
The Cusip number is 064159809.
By Susanna Moon
Chicago, June 5 - Bank of Nova Scotia plans to price 0% series A capped buffered enhanced participation notes linked to the MSCI EAFE index, according to an SUPPL filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of $1,195.00 to $1,228.75 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond the 15% buffer.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.
The notes will price on June 7 and settle on June 14.
The Cusip number is 064159809.
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