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Scotiabank plans capped buffered participation notes on S&P/TSX 60
By Toni Weeks
San Diego, Jan. 10 - Bank of Nova Scotia plans to price 0% series A capped buffered enhanced participation notes due Jan. 29, 2016 linked to the S&P/TSX 60 index, according to a 424B5 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 19% to 23% that will be set at pricing.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the 15% buffer.
The notes (Cusip: 064159BL9) are expected to price Jan. 25 and settle Jan. 30.
Scotia Capital (USA) Inc. is the underwriter.
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