ISSUE SUMMARY | |||
Product Type: | Principal at Risk Note | ||
Fund Code: | SSP1223 | ||
Issuer: | The Bank of Nova Scotia | ||
Issue Date: | 2017-04-21 00:00:00.0 | ||
Maturity Date: | 2023-04-21 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)
Principal Amount x Index Return x Participation Rate |
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Maturity Redemption Amount: | Maturity Redemption Amount is linked to the performance of the S&P/TSX Composite Life & Health Insurance Sub Industry Index (See Maturity Redemption Amount Calculation for more details) | ||
Underlying Index: | The Index contains the life and health insurance constituents of the S&P/TSX Composite Index, which is a capitalization-weighted index designed to measure market activity of stocks listed on the TSX. The constituents of this Index are not capped. Index values are calculated and published by Bloomberg independently from the Index Sponsor.
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MATURITY REDEMPTION AMOUNT CALCULATION |
The amount payable on the Notes at maturity (in each case the “Maturity Redemption Amount”) will be calculated by the Calculation Agent in accordance with the formulae below:
Principal Amount + Variable Return ii. If the Index Return on the Final Valuation Date is greater than the Barrier Level and less than the Initial Index Level on the Final Valuation Date, the Maturity Redemption Amount will equal: Principal Amount iii. If the Index Return on the Final Valuation Date is less than, or equal to, the Barrier Level on the Final Valuation Date, the Maturity Redemption Amount will equal the actual Index Return (subject to a minimum payment of $1.00 per Note): Principal Amount + (Principal Amount x Index Return) Barrier Level: 80% of the Initial Index Level; Participation Rate: 100% of any positive Index Return; The Maturity Redemption Amount may be less than the Principal Outstanding and the Principal Amount invested by an Investor. 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 2017-04-21 00:00:00.0 |
Current Level 2018-04-23 00:00:00.0 |
Actual Performance | Index Performance | Lock-In Date |
S&P/TSX Composite Life & Health Insurance Sub Industry Index | 100% | 1251.3 | 1271.29 | 1.5975385600% | 1.59753856000000000000% | |
Overall Return | 1.59753856000000000000% | |||||
Indicative Variable Return | 1.59753856000000000000 |
Coupon Payment History | ||
Payment Date | Annualized Yield | Payment Per Note |
2017-10-23 00:00:00.0 | 3% | 1.5 |
2018-04-23 00:00:00.0 | 3% | 1.5 |
TOTAL | 3.0 |
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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