Scotiabank plans market-linked notes with leveraged upside on Russell

By Devika Patel

Knoxville, Tenn., March 23 – Bank of Nova Scotia plans to price 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due April 5, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any index gain, up to a maximum return of 36% to 41%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the agents.

The notes (Cusip: 064159JH0) will price on March 31 and settle on April 5.

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