|Product Type:||Principal at Risk Note|
|Issuer:||The Bank of Nova Scotia|
|Issue Date:||2017-04-05 00:00:00.0|
|Maturity Date:||2023-04-05 00:00:00.0 – 6.0 yr term|
|Principal Payment:||The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)
Autocall Feature: The Notes will be automatically called (i.e., redeemed) by the Bank if the Closing Unit Price on any Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Autocall Price. If the Closing Unit Price on each Autocall Valuation Date and the Final Valuation Date is not greater than or equal to the Autocall Price, the Notes will not be automatically called by the Bank.
Autocall Price: 110% of the Initial Unit Price (the "Autocall" Price) Autocall Valuation Dates: The Closing Unit Price will be observed on October 1, 2018, April 1, 2019, October 1, 2019, March 31, 2020, September 29, 2020, March 29, 2021, September 29, 2021, March 30, 2022, September 29, 2022 (each an "Autocall Valuation Date"), and March 30, 2023 (the "Final Valuation Date")
|Maturity Redemption Amount:||Maturity Redemption Amount is linked to the performance of the VanEck Vectors Gold Miners ETF. (See Maturity Redemption Amount Calculation for more details)|
|Reference ETF:||The Notes are designed for investors who are seeking an investment product with exposure to the units of the Reference ETF. The Reference ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index (the “Underlying Index”). The Underlying Index is a modified market capitalization-weighted index, and provides exposure to publicly traded companies worldwide involved primarily in gold mining, representing a diversified blend of small-, mid- and large- capitalization stocks. The ETF Advisor uses a “passive” or indexing approach to try to achieve the Reference ETF’s investment objective. The Reference Unit is listed on the New York Stock Exchange Arca under the symbol GDX. Additional information on the Reference Unit is available on the following website: www.vaneck.com
|MATURITY REDEMPTION AMOUNT CALCULATION|
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 formulae below:
ii. If the Final Unit Price on the Final Valuation Date is greater than the Barrier Price, the Maturity Redemption Amount will equal:
iii. If the Final Unit Price on the Final Valuation Date is equal to or less than the Barrier Price, the Maturity Redemption Amount will equal:
Principal Amount + (Principal Amount x Index Return)
Autocall Price: 110% of the Initial Unit Price;
Barrier Price: 60% of the Initial Unit Price;
The Maturity Redemption Amount will be less than the Principal Amount invested by an investor if the Final Unit Price on the Final Valuation Date is equal to or less than the Barrier Price. The return on the Notes will not reflect the total return that an investor would receive if such investor owned the ETF.
The Maturity Redemption Amount will be subject to a minimum principal repayment of $1.00 per Note.
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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