|Product Type:||Principal at Risk Note|
|Issuer:||The Bank of Nova Scotia|
|Issue Date:||2017-03-23 00:00:00.0|
|Maturity Date:||2022-03-23 00:00:00.0 – 5.0 yr term|
|Principal Payment:||The original principal amount invested is not protected (See Variable Return Calculation for more details)
Autocall Feature: The Notes will be automatically called (i.e., redeemed) by the Bank and a Variable Return will be paid to investors if the Closing Index Level on any Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Initial Index Level.
Autocall Valuation Dates: March 19, 2018, March 19, 2019, March 17, 2020, March 17, 2021(each an "Autocall Valuation Date"), and March 17, 2022 (the "Final Valuation Date")
|Variable Return:||Variable Return, if any, is linked to the performance of the S&P/TSX Composite Banks Industry Subgroup Index. (See Variable Return Calculation for more details)|
|Underlying Index:||The constituents of the Banks GICS Industry Group are a subset of the constituents of the S&P/TSX Composite Index that have been classified according to the Global Industry Classification Standard.
|VARIABLE RETURN CALCULATION|
The Variable Return, if any, applicable to each respective Valuation Date will be calculated using the following formula:
Principal Amount x (Fixed Return + Additional Return)
The Fixed Return for each of the Autocall Valuation Dates and the Final Valuation Date is equal to an annualized return of 9.50%, 9.09%, 8.72%, 8.39% and 8.08%, respectively
The amount payable on the Notes if they are automatically called by the Bank or at maturity will be calculated by the Calculation Agent in accordance with the formula below:
Principal Amount + Variable Return
Principal Amount + (Principal Amount x Index Return)
Barrier Level: 80% of the Initial Index Level
The Maturity Redemption Amount may be less than the Principal Amount invested by an investor. The Maturity Redemption Amount will be subject to a minimum principal repayment of $1.00 per Note.
|Index Performance||Lock-In Date|
|S&P/TSX Composite Banks Industry Subgroup Index||100%||3241.75||3274.226||1.0018045800%|
|Indicative Variable Return||9.5|
Note: An investment in principal at risk notes may not be suitable for all investors. Important information about these investments is contained in the Base Shelf Prospectus, the Product Supplement and the Pricing Supplement for the note (see above for such documents). Investors should obtain and carefully read a copy of these documents prior to investing, paying particular attention to the associated risks. Past performance is not indicative of future returns. Commissions, trailing commissions, management fees and expenses all may be associated with these investments. None of the Bank, the investment dealers or any of their respective affiliates, or any other person guarantees that investors in the notes will receive an amount equal to their original investment or guarantees that any return will be paid on the notes (subject to a minimum principal repayment of $1.00 per note) at or prior to maturity. Since the notes are not principal protected, it is possible that an investor could lose substantially all of his or her investment in the notes (subject to a minimum principal repayment of $1.00 per note). A person should reach a decision to invest in the notes only after carefully considering with his or her advisor, the suitability of this investment in light of his or her investment objectives and the information set out in the respective documentation.
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