Investor Solutions

BNS Canadian Banks Callable Contingent $6.00 Coupon Notes, Series 19

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1336
Issuer: The Bank of Nova Scotia
Issue Date: 2017-10-05 00:00:00.0
Maturity Date: 2024-04-05 00:00:00.0 – 6.5 yr term
Principal Payment: The original principal amount invested is not protected (See Variable Return Calculation for more details)

Semi-Annual Contingent Partial Principal Repayment: Holders of record on the applicable Partial Repayment Record Date may be entitled to receive from the Bank on each Partial Repayment Date a Semi-Annual Partial Principal Repayment. The Semi-Annual Partial Principal Repayment will be determined as follows:

  1. If the Index Level on the relevant Semi-Annual Partial Principal Repayment Valuation Date is greater than the Barrier Level, the Semi-Annual Partial Principal Repayment will be $3.00 per Note; and
  2. If the Index Level on the relevant Semi-Annual Partial Principal Repayment Valuation Date is less than or equal to the Barrier Level, no Semi-Annual Partial Principal Repayment will be made.

The total Semi-Annual Partial Principal Repayments over the term of the Notes will not exceed $39.00.

Autocall : The Notes will be automatically called (i.e., redeemed) by the Bank if the Closing Portfolio Price on any Autocall Valuation Date is greater than or equal to the Autocall Price. The Notes cannot be automatically called prior to April 5, 2019. If the Closing Portfolio Price on any Autocall Valuation Date is not greater than or equal to the Autocall Price, the Notes will not be automatically called by the Bank.

Valuation Dates:April 1, 2019, October 1, 2019, March 31, 2020, September 29, 2020, March 29, 2021, September 29, 2021, March 30, 2022, September 29, 2022, March 30, 2023, September 29, 2023 (each an "Autocall Valuation Date"), and April 1, 2024 (the "Final Valuation Date").
Variable Return: Variable Return, if any, is linked to the performance of 6 Canadian banks. (See Variable Return Calculation for more details)
Basket of Shares : The basket is composed of 6 Canadian banks (BNS, RBC, TD, BMO, CIBC, NBF) which are equally weighted.
  • Bank of Montreal
  • Bank of Nova Scotia
  • Canadian Imperial Bank of Commerce
  • National Bank of Canada
  • Royal Bank of Canada
  • Toronto-Dominion Bank

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: 103.29
Term Remaining: 6.4 Years
Annualized Return: 3.29%
Adjusted Cost Base if held since Inception: 100
Current ETC: 4.5%
ETC End Date: 2018-09-30 00:00:00.0
Indicative Variable Rate of Return at Maturity: 0
Historical Bid Prices: view

MATURITY REDEMPTION AMOUNT

Holders of record on the applicable Record Date will be entitled to an amount payable on the Notes if they are automatically called by the Bank or at maturity (in each case the “Maturity Redemption Amount”) as calculated by the Calculation Agent in accordance with the applicable formula below:


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

Principal Amount

If the Final Portfolio Price on the Final Valuation Date is less than the Autocall Price, but greater than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount

If the Final Portfolio Price on the Final Valuation Date is less than the Autocall Price, but greater than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount + (Principal Amount x Price Return)

Where:

Autocall Level: 110% of the Initial Portfolio Price;

Barrier Level: 75% of the Initial Portfolio Price;

The Maturity Redemption Amount may be substantially less than the Principal Amount invested by an investor if the Final Portfolio Price on the Final Valuation Date is equal to or less than the Barrier Price.

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
2017-10-05 00:00:00.0
Current Level
2017-11-20 00:00:00.0
Index Performance Lock-In Date
Bank of Montreal 16.67% 96.79 99 2.2832937300%
Bank of Nova Scotia 16.67% 81 84.59 4.4320987700%
Canadian Imperial Bank of Commerce 16.67% 111.16 115.1 3.5444404500%
National Bank of Canada 16.67% 60.81 63.57 4.5387271800%
Royal Bank of Canada 16.67% 98.19 100.89 2.7497708500%
Toronto-Dominion Bank 16.67% 56.24 73.55 30.7788051200%



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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