Scotiabank intends to price digital notes linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Aug. 20 – Bank of Nova Scotia plans to price 0% digital notes due in 20 to 23 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 87.5% of the initial level, the payout at maturity will be between $1,108.10 and $1,126.80 for each $1,000 note.

Investors will lose 1.1429% for each 1% decline beyond 12.5%.

Scotia Capital (USA) Inc. is the agent.

The Cusip number is 064159PU4.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.