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Scotia plans to price Accelerated Return Notes linked to gold miners ETF
By Emma Trincal
New York, Dec. 18 – Bank of Nova Scotia plans to price 0% Accelerated Return Notes due February 2022 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any increase in the ETF, capped at par plus 30% to 34%. The exact cap will be set at pricing. Investors will be exposed to any decline in the ETF’s share price.
BofA Securities, Inc. is the underwriter.
The notes will price in December.
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