Investor Solutions

BNS iShares® MSCI Emerging Markets ETF Callable Contingent $8.50 Coupon Notes, Series 2F

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1819
Issuer: The Bank of Nova Scotia
Issue Date: 02/20/2019
Maturity Date: 02/20/2024 – 5.0 yr term
Principal Payment: The original principal amount invested is not protected (See Variable Return Calculation for more details)

Semi-Annual Coupon Payment: Holders of record on the applicable Semi-Annual Coupon Payment Record Date may be entitled to receive from the Bank a Semi-Annual Coupon Payment, determined as follows:

  1. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is greater than the Barrier Price, the Semi-Annual Coupon Payment will be $4.25 per Note; and
  2. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is less than or equal to the Barrier Price, no Semi-Annual Coupon Payment will be made.

    The aggregate Semi-Annual Coupon Payments over the term of the Notes will not exceed $42.50 per Note. If the Notes are called, holders will receive both the Principal Amount and the Semi-Annual Coupon Payment for the applicable Autocall Valuation Date.

    Autocall :The Notes will be automatically called (i.e., redeemed) by the Bank if the Closing Unit Price on any Autocall Valuation Date is greater than or equal to the Autocall Price. The Notes cannot be automatically called prior to February 20, 2020. If the Closing Unit 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:February 13, 2020, August 14, 2020, February 16, 2021, August 16, 2021, February 15, 2022, August 16, 2022, February 14, 2023, August 15, 2023 (each an “Autocall Valuation Date”), and February 13, 2024 (the “Final Valuation Date”).
Maturity Redemption Amount: Maturity Redemption is linked to the performance of the iShares® MSCI Emerging Markets ETF (NYSE Arca: EEM) (See Variable Return Calculation for more details)
Reference ETF: The iShares® MSCI Emerging Markets ETF is an exchange traded fund which seeks to track the investment results of the MSCI Emerging Markets Index (the “Index”) which is composed of securities of large- and mid-capitalization companies from emerging market countries globally.
  • iShares MSCI Emerging Markets 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: $104.61
Term Remaining: 4.6 Years
Annualized Return: 4.61%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 02/20/2019
Indicative Variable Rate of Return at Maturity: $0.00
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: below:


            If the Closing Unit 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

i            If the Final Unit 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 Unit Price on the Final Valuation Date is equal to or less than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount + (Principal Amount x Price Return)

Where:

Autocall Level: 110.00% of the Initial Portfolio Price;

Barrier Level: 70.00% of the Initial Portfolio Price;

The Maturity Redemption Amount may be substantially less than the Principal Amount invested by an investor if the Final Unit 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
02/20/2019
Current Level
07/19/2019
Index Performance Lock-In Date
iShares MSCI Emerging Markets ETF 100.00% 42.66 43.08 0.98%



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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