Scotia plans market-linked autocalls with buffered downside on ETF

By Sarah Lizee

Olympia, Wash., Nov. 26 – Bank of Nova Scotia plans to price 0% market-linked autocallable securities with fixed percentage buffered downside due Dec. 5, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a fixed call premium of 10% to 12% per year if the fund closes at or above the initial fund level on any of three annual call observation dates.

The payout at maturity will be par unless the fund falls by more than 10% in which case investors will be fully exposed to losses beyond the 10% buffer.

Scotia Capital Inc. (USA) and Wells Fargo Securities, LLC are the agents.

The notes will price on Nov. 27.

The Cusip number is 064159QR0.

© 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.