Scotiabank plans 24- to 27-month capped buffered notes tied to S&P

By Sarah Lizee

Olympia, Wash., Oct. 16 – Bank of Nova Scotia plans to price 0% capped buffered notes due in 24 to 27 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum payment of between $1,187.00 and $1,219.30 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

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

The Cusip number is 064159MN3.

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