Bank of Nova Scotia plans to price digital notes linked to Russell

By Sarah Lizee

Olympia, Wash., May 8 – Bank of Nova Scotia plans to price 23- to 27-month digital notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial index level, the payout at maturity will be the maximum payment amount, which is expected to be $1,106.30 to $1,125 per $1,000 principal amount of notes and will be set at pricing. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

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

The Cusip number is 064159PA8.

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