Scotiabank plans capped enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 17 - Bank of Nova Scotia plans to price 0% capped enhanced participation notes, series A, due 2013 linked to the S&P 500 index, according to an Suppl filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of the index return, subject to a maximum return of 18.3% to 21.3% that will be set at pricing. If the final index level is less than the initial index level, investors will be fully exposed to the decline.

The notes (Cusip: 064159403) are expected to price April 19 and settle April 26.

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

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