Scotiabank plans capped buffered enhanced notes linked to MSCI EAFE

By Susanna Moon

Chicago, April 14 – Bank of Nova Scotia plans to price 23- to 26-month 0% capped buffered enhanced participation notes, series A, linked to the MSCI EAFE index, according to a 424B5 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 amount of between $1,180.00 and $1,211.50 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond 15%.

Scotia Capital (USA) Inc. is the underwriter. Goldman Sachs & Co. is the dealer.

The Cusip number is 064159GT7.

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