ISSUE SUMMARY | |||
Product Type: | Principal at Risk Note | ||
Fund Code: | SSP1828 | ||
Issuer: | The Bank of Nova Scotia | ||
Issue Date: | 2019-02-20 00:00:00.0 | ||
Maturity Date: | 2024-02-20 00:00:00.0 – 5.0 yr term | ||
Principal Payment: | The original principal amount invested is not protected (See Variable Return Calculation for more details)
Autocall Feature: The Notes will be automatically called (i.e., redeemed) by the Bank and a Variable Return will be paid to holders if the Closing Portfolio Price on any applicable Autocall Valuation Date is greater than or equal to the applicable Autocall Price. The Notes cannot be automatically called prior to February 20, 2020. Autocall Valuation Dates:February 13, 2020, February 16, 2021, February 15, 2022, February 14, 2023 (each an "Autocall Valuation Date”), and February 13, 2024 (the “Final Valuation Date”). |
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Variable Return: | Variable Return, if any, is linked to the performance of 4 Canadian Telecom stocks. (See Variable Return Calculation for more details) | ||
Basket of Shares: | The basket is composed of 5 Canadian Telecom stocks (BCE, RCI/B, SJR/B, and T).
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VARIABLE RETURN CALCULATION | ||||||||||||||||||||||||
The Variable Return, if any, applicable to the 2020 Autocall Valuation Date will vary depending on the Price Return and will be calculated using the following formula: Principal Amount x (Fixed Return + Additional Return)
The Variable Return, if any, applicable to each respective Valuation Date following the 2020 Autocall Valuation Date will be calculated using the following formula: Principal Amount x (Fixed Return + Additional Return)
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:
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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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