Investor Solutions

BNS iShares® MSCI EAFE ETF Callable Contingent $6.00 Coupon Notes, Series 2F (CLOSED)

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1393
Issuer: The Bank of Nova Scotia
Issue Date: 2017-11-20 00:00:00.0
Maturity Date: 2024-11-20 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 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: May 14, 2019, November 14, 2019, May 13, 2020, November 16, 2020, May 14, 2021, November 16, 2021, May 16, 2022, November 15, 2022, May 16, 2023, November 14, 2023, May 14, 2024 (each an "Autocall Valuation Date"), and November 14, 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 $3.00 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 $42.00. 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 iShares® MSCI Emerging Markets ETF. (See Variable Return Calculation for more details).
Reference ETF: The Notes will provide exposure to the price performance of the units of the iShares® MSCI Emerging Markets ETF. The Reference ETF is an exchange-traded fund that seeks to track the investment results of the Underlying Index, which is designed to measure equity market performance in the global emerging markets. The Reference ETF is composed of large- and mid-capitalization emerging market equities and weights its holdings using a market capitalization methodology and rebalances quarterly. The Reference Unit is listed on the New York Stock Exchange Arca (NYSE Arca) under the symbol EEM.
  • iShares MSCI Emerging Markets ETF

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.

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