|Product Type:||Principal at Risk Note|
|Issuer:||The Bank of Nova Scotia|
|Issue Date:||2017-04-10 00:00:00.0|
|Maturity Date:||2020-04-13 00:00:00.0 – 3.0 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 Unit Price on any Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Initial Unit Price.
Autocall Valuation Dates: April 4, 2018, April 4, 2019 (each an "Autocall Valuation Date") and April 6, 2020 (the "Final Valuation Date").
|Variable Return:||Variable Return, if any, is linked to the performance of the SPDR® S&P® Regional Banking ETF. (See Variable Return Calculation for more details).|
|Reference ETF:||The Reference ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Underlying Index, which is a modified equally weighted index that seeks to reflect the performance of publicly traded companies that represent the U.S. regional banks and thrifts segment of a broader U.S. equity market index, the S&P Total Market Index. The Underlying Index is currently comprised of eligible common stocks of leading regional banks or thrifts listed on the NYSE or another U.S. national securities exchange, or NASDAQ®/NMS. The Reference Unit is listed on the New York Stock Exchange Arca (NYSE Arca) (the “Exchange”) under the symbol KRE.
|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 the 2018 Autocall Valuation Date, the 2019 Autocall Valuation Date and the Final Valuation Date is equal to an annualized return of 8.25%, 7.94%, and 7.65%, 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 formulae below:
Principal Amount + Variable Return
Principal Amount + (Principal Amount x Price Return)
Barrier Price: 70% of the Initial Unit Price
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.
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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