Investor Solutions

BNS S&P/TSX 60™ Callable Contingent $7.30 Memory ROC Notes, Series 1F (CLOSED)

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1821
Issuer: The Bank of Nova Scotia
Issue Date: 2019-02-15 00:00:00.0
Maturity Date: 2026-02-17 00:00:00.0 – 7.0 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 Semi-Annual Partial Principal Repayment Record Date may be entitled to receive from the Bank a Semi-Annual Partial Principal Repayment, determined as follows:

  1. If the Closing 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; and
  2. If the Closing 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 equal to: $3.65 per Note x Memory Period,

    Where: Memory Period = the number of periods since and including the most recent Semi-Annual Partial Principal Repayment Valuation Date, where a Semi-Annual Partial Principal Repayment was made, or the number of periods since and including the first Semi-Annual Partial Principal Repayment Valuation Date where no Semi-Annual Partial Principal Repayments have been made prior to and including the applicable Semi-Annual Partial Principal Repayment Valuation Date.



    The aggregate Semi-Annual Partial Principal Repayments over the term of the Notes will not exceed $51.10 per Note.

    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 (which is 110.00% of the Initial Index Level). If the Notes are called automatically, the Notes provide holders of record on the applicable Record Date with a return based on the positive price performance of the Index in excess of 10.00% (subject to a 5.00% Participation Rate in any such positive price performance). The Notes cannot be automatically called prior to August 17, 2020. 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.

    Valuation Dates: August 11, 2020, February 9, 2021, August 10, 2021, February 9, 2022, August 9, 2022, February 9, 2023, August 9, 2023, February 9, 2024, August 9, 2024, February 11, 2025, August 11, 2025 (each an “Autocall Valuation Date”), and February 10, 2026 (the “Final 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 will be calculated by the Calculation Agent in accordance with the formulae below:


i.             If the Final 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 + [Principal Amount x Participation Rate x (Index Return – 10.00%)]

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

Principal Amount

iii.           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: 75% of the Initial Index Level;

Participation Rate: 5%

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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