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Scotiabank plans capped enhanced participation notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Jan. 8 – Bank of Nova Scotia plans to price 20- to 23-month 0% capped enhanced participation notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount that is expected to be $1,796.80 to $1,934.80 per $1,000 principal amount of notes. If the basket return is negative, investors will have one-to-one exposure to the decline.
The exact maturity date and maximum settlement amount will be set at pricing.
Scotia Capital (USA) Inc. is the agent.
The Cusip number is 064159ND4.
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