Investor Solutions

BNS Gold Miners Autocallable Plus Notes, Series 1

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1251
Issuer: The Bank of Nova Scotia
Issue Date: 2017-05-18 00:00:00.0
Maturity Date: 2020-05-19 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 Autocall Price.

Autocall Valuation Dates: May 14, 2018, May 14, 2019 (each an "Autocall Valuation Date"), and May 12, 2020 (the "Final Valuation Date")
Variable Return: Variable Return, if any, is linked to the performance of the iShares S&P/TSX Global Gold Index ETF. (See Variable Return Calculation for more details).
Reference ETF: The Notes are designed for investors who are seeking an investment product with exposure to the units of the Reference ETF. The Reference ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the S&P/TSX Global Gold Index (the “Underlying Index”). The Underlying Index will primarily invest in equity securities issued by international issuers participating in the mining sector. The ETF Advisor uses a “passive” or indexing approach to try to achieve the Reference ETF’s investment objective. The Reference Unit is listed on the Toronto Stock Exchange under the symbol XGD. Additional information on the Reference Unit is available on the following website: www.ishares.ca.
  • iShares S&P/TSX Global Gold 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: 95.06
Term Remaining: 2.8 Years
Annualized Return: -4.94%
Adjusted Cost Base if held since Inception: 100
Current ETC: 3.5%
ETC End Date: 2017-11-15 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, if Price Return ≥ -10.00% and < 0.00%

4.50%

None

2018 Autocall Valuation Date, if Price Return ≥ 0.00%

12.00%

(Price Return less 12.00%) x 5%

2019 Autocall Valuation Date

24.00%

(Price Return less 24.00%) x 5%

Final Valuation Date

36.00%

(Price Return less 36.00%) x 5%

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 applicable Autocall 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 Final Unit Price on the Final Valuation Date 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: 60% of the Initial Unit Price

    Autocall Price: 90% of the Initial Unit Price on the 2018 Autocall Valuation Date and 100% of the Initial Unit Price on the 2019 Autocall Valuation Date or the Final Valuation Date.


Performance Commentary

Index Performance
Index Weight Initial Level
2017-05-18 00:00:00.0
Current Level
2017-07-21 00:00:00.0
Index Performance Lock-In Date
iShares S&P/TSX Global Gold Index ETF 100% 13.22 12.03 -9.0015128600%



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.

THE CONTENTS OF THIS SITE ARE DIRECTED AT, AND ARE FOR USE BY, RESIDENTS OF CANADA ONLY AND ARE NOT DIRECTED TO OR INTENDED FOR USE BY RESIDENTS OF ANY OTHER COUNTRY OR JURISDICTION. THE CONTENTS OF THIS SITE DO NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, DIRECTLY OR INDIRECTLY, ANY OF THE NOTES REFERRED TO HEREIN IN ANY JURISDICTION OUTSIDE OF CANADA. THE CONTENTS OF THIS SITE ARE NOT TO BE DOWNLOADED, DISSEMINATED, USED OR RELIED UPON BY PERSONS RESIDENT IN ANY NON- CANADIAN JURISDICTION. NO SECURITIES COMMISSION OR SIMILAR AUTHORITY IN CANADA OR ANY OTHER JURISDICTION HAS IN ANY WAY PASSED ON THE MERITS OF ANY OF THE NOTES.