Investor Solutions

BNS S&P/TSX 60™ Callable Contingent $5.10 Coupon Notes, Series 40

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1360
Issuer: The Bank of Nova Scotia
Issue Date: 2017-11-02 00:00:00.0
Maturity Date: 2024-05-02 00:00:00.0 – 6.5 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 is greater than or equal to the Autocall Level. The Notes cannot be automatically called prior to April 5, 2019. If the Closing Index Level on any Autocall 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: April 26, 2019, October 29, 2019, April 28, 2020, October 27, 2020, April 27, 2021, October 27, 2021, April 26, 2022, October 27, 2022, April 26, 2023, October 27, 2023 (each an "Autocall Valuation Date") and April 26, 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 $2.55 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 $33.15. 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 60 Index (See Maturity Redemption Amount Calculation for more details)
Underlying Index: The S&P/TSX 60 Index is a large-cap index for Canada. It is market cap weighted, with weights adjusted for available share float, and is balanced across 10 economic sectors. Offering exposure to 60 large, liquid Canadian companies, the S&P/TSX 60 Index is the basis for the most highly traded futures contract in Canada. The S&P/TSX 60 Index is the large-cap component of a series of S&P Canadian indices, including the S&P/TSX Composite - the leading benchmark for Canada. The S&P/TSX 60 Index is maintained by the Canadian S&P Index Committee, whose members include representatives from both Standard and Poor's and the Toronto Stock Exchange. Committee oversight gives investors the benefit of Standard and Poor's depth of experience, research and analytic capabilities, combined with the Toronto Stock Exchange’s intimate local industry knowledge. The S&P/TSX 60 Index represents the Canadian component of the S&P Global 1200.
  • S&P/TSX 60 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 Closing Index Level on an Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Autocall Level, the Maturity Redemption Amount will equal:

Principal Amount

ii.            If the Final Index Level on the Final Valuation Date is greater than the Barrier Level, but less than the Autocall Level, the Maturity Redemption Amount will equal:

Principal Amount

ii.            If the Final Index Level on the Final Valuation Date is equal to or less than the Barrier Level, the Maturity Redemption Amount will equal:

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.

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.