Investor Solutions

BNS S&P500 Booster Barrier Notes, Series 2 (USD)

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1242
Issuer: The Bank of Nova Scotia
Issue Date: 2017-04-26 00:00:00.0
Maturity Date: 2021-04-26 00:00:00.0 – 4.0 yr term
Principal Payment: The original principal amount invested is not protected (See Variable Return Calculation for more details)
Variable Return: Variable Return, if any, is linked to the performance of the S&P500 Index (See Variable Return Calculation for more details)
Underlying Index: The S&P 500 Index is a large-cap index comprising 500 leading companies in leading industries of the U.S. economy. The Index is market cap weighted, with weights adjusted for available share float, and covers ten economic sectors, representing approximately 80% coverage of U.S. equities. The Index is maintained by the Index Committee, a team of S&P Dow Jones Indices economists and index analysts, who meet on a monthly basis. The goal of the Index Committee is to ensure that the Index remains a leading indicator of U.S. equities, reflecting the risk and return characteristics of the broader large cap universe on an on-going basis. The Index Committee also monitors constituent liquidity to ensure efficient portfolio trading while keeping index turnover to a minimum.
  • S&P® 500 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: 102.26
Term Remaining: 3.8 Years
Annualized Return: 2.26%
Adjusted Cost Base if held since Inception: 100
Current ETC: 4%
ETC End Date: 2018-04-23 00:00:00.0
Indicative Variable Rate of Return at Maturity: 21.0000000000
Historical Bid Prices: view

VARIABLE RETURN CALCULATION

The Notes will not bear any interest nor will they reflect dividends or other distributions declared or paid on the shares, but will have a Variable Return, if any, calculated as follows on a per Note basis:

  1. if the Index Price Return at maturity is greater than 0.00% but less than or equal to 21.00%, the Maturity Redemption Amount per Note will be equal to:

    Principal Amount + (Principal Amount x  21.00%); or


  2. if the Index Price Return at maturity is greater than 21.00%, the Maturity Redemption Amount per Note will be equal to:

    Principal Amount + [Principal Amount x (21.00% + Participation Rate x (Index Return - 21.00%))]; or


  3. if the Index Price Return at maturity is less than or equal to -35.00%, the Maturity Redemption Amount per Note will be equal to:

    Principal Amount + (Principal Amount x Index Return)


Booster: 21.00% applied only if the Index Return is greater than zero

Barrier Level: 65.00% of the Initial Index Level

Participation Rate: 50.00% of any Index Return in excess of the Booster

The Index Price Return is the percentage increase or decrease in the Closing Value of the Index from the Issue Date to the Final Valuation Date.

No Variable Return will be paid unless the Price Return is greater than zero.


Performance Commentary

Index Performance
Index Weight Initial Level
2017-04-26 00:00:00.0
Current Level
2017-07-21 00:00:00.0
Actual Performance Index Performance Lock-In Date
S&P® 500 Index 100% 2387.45 2473.45 3.6021696800% 21%



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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