Investor Solutions

BNS Gold Miners Callable Contingent Coupon $7.70 Notes, Series 1

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1222
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")


Semi-Annual Coupon Payments: Holders of record on the applicable Semi-Annual Coupon Record Date will be entitled to receive from the Bank on the applicable Semi-Annual Coupon Date a semi-annual coupon payment (the “Semi-Annual Coupon Payment”). The Semi-Annual Coupon Payment will be determined as follows:

  1. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is greater than the Barrier Price, the Semi-Annual Coupon will be $3.85 per Note; and
  2. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is less than or equal to the Barrier Price, no Semi-Annual Coupon Payment will be made.

    The aggregate Semi-Annual Coupon Payments over the term of the Notes will not exceed $46.20. If the Notes are called, holders will receive both the Principal Amount and the Semi-Annual Coupon Payment for the applicable 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
  • VanEck Vectors Gold Miners ETF

ISSUE DOCUMENTS
Base Shelf Prospectus: English | French
Product Supplement: English | French
Pricing Supplement: English | French
Investor Summary: English | French
CURRENT ISSUE STATUS
Current Bid Price: 102.22
Term Remaining: 5.7 Years
Annualized Return: 2.22%
Adjusted Cost Base if held since Inception: 100
Current ETC: 3.25%
ETC End Date: 2018-04-01 00:00:00.0
Indicative Variable Rate of Return at Maturity: 0
Historical Bid Prices: view

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:


i.             If the Final Unit Price on an Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Autocall Price, the Maturity Redemption Amount will equal:

Principal Amount

ii.            If the Final Unit Price on the Final Valuation Date is greater than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount

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)

Where:

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.


Performance Commentary

Index Performance
Index Weight Initial Level
2017-04-05 00:00:00.0
Current Level
2017-07-21 00:00:00.0
Index Performance Lock-In Date
VanEck Vectors Gold Miners ETF 100% 23.48 22.32 -4.9403747900%



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.

THE CONTENTS OF THIS SITE ARE DIRECTED AT, AND ARE FOR USE BY, RESIDENTS OF CANADA ONLY AND ARE NOT DIRECTED TO OR INTENDED FOR USE BY RESIDENTS OF ANY OTHER COUNTRY OR JURISDICTION. THE CONTENTS OF THIS SITE DO NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, DIRECTLY OR INDIRECTLY, ANY OF THE NOTES REFERRED TO HEREIN IN ANY JURISDICTION OUTSIDE OF CANADA. THE CONTENTS OF THIS SITE ARE NOT TO BE DOWNLOADED, DISSEMINATED, USED OR RELIED UPON BY PERSONS RESIDENT IN ANY NON- CANADIAN JURISDICTION. NO SECURITIES COMMISSION OR SIMILAR AUTHORITY IN CANADA OR ANY OTHER JURISDICTION HAS IN ANY WAY PASSED ON THE MERITS OF ANY OF THE NOTES.