Investor Solutions

BNS Canadian Energy Autocallable Notes, Series 16

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1240
Issuer: The Bank of Nova Scotia
Issue Date: 2017-04-27 00:00:00.0
Maturity Date: 2020-04-27 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: The April 23, 2018, April 23, 2019 (each an "Autocall Valuation Date") and April 21, 2020. (the "Final Valuation Date").
Variable Return: Variable Return, if any, is linked to the price performance of the units of the iShares® S&P/TSX Capped Energy Index ETF (TSX: XEG). (See Variable Return Calculation for more details)
Reference ETF: iShares S&P/TSX Capped Energy Index ETF is an exchange-traded fund incorporated in Canada. The Fund seeks to provide long-term capital growth. The Fund invests in Shares of the companies that make up the S&P/TSX Capped Energy Index in the same proportion referenced in the Index.
  • iShares S&P/TSX Capped Energy Index 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: 94.61
Term Remaining: 2.6 Years
Annualized Return: -5.39%
Adjusted Cost Base if held since Inception: 100
Current ETC: 1.5%
ETC End Date: 2017-10-25 00:00:00.0
Indicative Variable Rate of Return at Maturity: 0
Historical Bid Prices: view

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)

Valuation
Date
Fixed Return Additional Return, if any
(if Price Return > Fixed Return)

2018 Autocall Valuation Date

8.25%

(Price Return less 8.25%) x 5%

2019 Autocall Valuation Date

16.50%

(Price Return less 16.50%) x 5%

Final Valuation Date

24.75%

(Price Return less 24.75%) x 5%

The Fixed Return for the respective Autocall Valuation Dates 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:

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

Principal Amount + Variable Return

  • If the Price Return on the Final Valuation Date is less than 0.00% and the Final Unit Price is greater than the Barrier Price on the Final Valuation Date, the Maturity Redemption Amount will equal:

Principal Amount

  • If the Price Return on the Final Valuation Date is less than 0.00% and the Final Unit Price is equal to or less than the Barrier Price on the Final Valuation Date, the Maturity Redemption Amount will equal:

Principal Amount + (Principal Amount x Price Return)

Where:

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.


Performance Commentary

Index Performance
Index Weight Initial Level
2017-04-27 00:00:00.0
Current Level
2017-09-20 00:00:00.0
Index Performance Lock-In Date
iShares S&P/TSX Capped Energy Index ETF 100% 12.38 11.58 -6.4620355400%



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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