Investor Solutions

BNS S&P/TSX 60™ Booster Buffer Notes, Series 10

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1231
Issuer: The Bank of Nova Scotia
Issue Date: 2017-04-13 00:00:00.0
Maturity Date: 2023-04-13 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)
Maturity Redemption Amount: The Maturity Redemption Amount, if any, is linked to the performance of the S&P/TSX 60™ Index (See Variable Return Calculation for more details)
Underlying Index: The S&P/TSX 60 Index is a large-cap index for Canada. It is market cap weighted, with weights adjusted for available share float, and is balanced across 10 economic sectors. Offering exposure to 60 large, liquid Canadian companies, the S&P/TSX 60 Index is the basis for the most highly traded futures contract in Canada. The S&P/TSX 60 Index is the large-cap component of a series of S&P Canadian indices, including the S&P/TSX Composite - the leading benchmark for Canada. The S&P/TSX 60 Index is maintained by the Canadian S&P Index Committee, whose members include representatives from both Standard and Poor's and the Toronto Stock Exchange. Committee oversight gives investors the benefit of Standard and Poor's depth of experience, research and analytic capabilities, combined with the Toronto Stock Exchange’s intimate local industry knowledge. The S&P/TSX 60 Index represents the Canadian component of the S&P Global 1200.
  • S&P/TSX 60 Index

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: 100.34
Term Remaining: 5.4 Years
Annualized Return: 0.34%
Adjusted Cost Base if held since Inception: 100
Current ETC: 2%
ETC End Date: 2018-04-09 00:00:00.0
Indicative Variable Rate of Return at Maturity: 40.0000000000
Historical Bid Prices: view

MATURITY REDEMPTION AMOUNT CALCULATION

The amount payable on the Notes at maturity (the “Maturity Redemption Amount”) will be calculated by the Calculation Agent in accordance with the formulae below:      

  • If the Index Return on the Final Valuation Date is greater than 40%, the Maturity Redemption Amount will equal:

Principal Amount + [Principal Amount x (Booster + ((Index Return - Booster) x Participation Rate))]

  • If the Index Return on the Final Valuation Date is greater than 0%, but less than or equal to 40%, the Maturity Redemption Amount will equal:

Principal Amount + (Principal Amount x Booster)

  • If the Index Return on the Final Valuation Date is greater than -15%, but less than or equal to 0%, the Maturity Redemption Amount will be equal to:

Principal Amount

  • If the Index Return on the Final Valuation Date is less than or equal to -15%, the Maturity Redemption Amount will be equal to:

Principal Amount + [Principal Amount x (Index Return + 15%)]

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 $15.00 per Note.

Index Return: Means an amount expressed as a percentage calculated by the Calculation Agent in accordance with the following formula:

 

Final Index Level – Initial Index Level
Initial Index Level
   
Participation Rate: 50.00% of any Index Return in excess of the Booster.
Buffer Level: 85.00% of the Initial Index Level.  The Principal Amount will be protected against a decline of up to 15.00% in the Index.
   
Booster: 40.00% applied only if the Index Return on the Final Valuation Date is greater than 0.00%.

 


Performance Commentary

Index Performance
Index Weight Initial Level
2017-04-13 00:00:00.0
Current Level
2017-11-20 00:00:00.0
Actual Performance Index Performance Lock-In Date
S&P/TSX 60 Index 100% 913.81 947.86 3.7261575200% 40%



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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