Investor Solutions

BNS S&P/TSX Banks Callable Contingent $6.25 Coupon Notes, Series 14F

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1318
Issuer: The Bank of Nova Scotia
Issue Date: 2017-08-30 00:00:00.0
Maturity Date: 2024-08-30 00:00:00.0 – 7.0 yr term
Principal Payment: The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)

Autocall Feature: The Notes will be automatically called (i.e., redeemed) by the Bank if the Closing Index Level on any Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Autocall Level. If the Closing Index Level on each Autocall Valuation Date and the Final Valuation Date is not greater than or equal to the Autocall Level, the Notes will not be automatically called by the Bank.
Autocall Level: 110% of the Initial Index Level (the "Autocall" Level)
Autocall Valuation Dates: February 22, 2019, August 23, 2019, February 24, 2020, August 25, 2020, February 22, 2021, August 24, 2021, February 22, 2022, August 23, 2022, February 22, 2023, August 23, 2023, February 22, 2024 (each an "Autocall Valuation Date"), and August 23, 2024 (the "Final Valuation Date").


Semi-Annual Coupon Payments: Holders of record on the applicable Semi-Annual Coupon Record Date will be entitled to receive from the Bank on the applicable Semi-Annual Coupon Date a semi-annual coupon payment (the “Semi-Annual Coupon Payment”). The Semi-Annual Coupon Payment will be determined as follows:

  1. If the Closing Index Level on the relevant Semi-Annual Coupon Payment Valuation Date is greater than the Barrier Level, the Semi-Annual Coupon will be $3.125 per Note; and
  2. If the Closing Index Level on the relevant Semi-Annual Coupon Payment Valuation Date is less than or equal to the Barrier Level, no Semi-Annual Coupon Payment will be made.

    The aggregate Semi-Annual Coupon Payments over the term of the Notes will not exceed $43.75. If the Notes are called, holders will receive both the Principal Amount and the Semi-Annual Coupon Payment for the applicable Valuation Date.

Maturity Redemption Amount: Maturity Redemption Amount is linked to the performance of the S&P/TSX Composite Banks Industry Subgroup Index (See Maturity Redemption Amount Calculation for more details)
Underlying Index: The constituents of the Banks GICS Industry Group are a subset of the constituents of the S&P/TSX Composite Index that have been classified according to the Global Industry Classification Standard.
  • S&P/TSX Composite Banks Industry Subgroup Index

ISSUE DOCUMENTS
Base Shelf Prospectus: English | French
Product Supplement: English | French
Pricing Supplement: English | French
Investor Summary: English | French

MATURITY REDEMPTION AMOUNT CALCULATION

The amount payable on the Notes if they are automatically called by the Bank or at maturity (in each case the “Maturity Redemption Amount”) will be calculated by the Calculation Agent in accordance with the formulae below:


i.             If the Index Return on the Final Valuation Date is greater than the Barrier Level on the Final Valuation Date, the Maturity Redemption Amount will equal:

Principal Amount

ii.            If the Index Return on the Final Valuation Date is less than, or equal to, the Barrier Level on the Final Valuation Date, the Maturity Redemption Amount will equal the actual Index Return (subject to a minimum payment of $1.00 per Note):

Principal Amount + (Principal Amount x Index Return)

Where:

Barrier Level: 70% of the Initial Index Level;

Autocall Level: 110% of the Initial Index Level;

The Maturity Redemption Amount may be less than the Principal Outstanding and 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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