Investor Solutions

BNS Canadian Telecom Autocallable Plus Notes, Series 2

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1828
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)

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”).
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 4 Canadian Telecom stocks (BCE, RCI/B, SJR/B, and T).
  • BCE Inc.
  • Rogers Communications Inc.
  • Shaw Communications Inc.
  • Telus Corporation

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: $101.51
Term Remaining: 4.8 Years
Annualized Return: 1.51%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: 3.50%
ETC End Date: 08/20/2019
Indicative Variable Rate of Return at Maturity: $8.00
Historical Bid Prices: view

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)

Price Return
Fixed ReturnAdditional Return, if any
(if Price Return > Fixed Return)

≥ -5.00% and < 0.00%

4.00%

None

≥ 0.00%

8.00%

(Price Return less 8.00%) x 5%



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)

Valuation
Date		Fixed ReturnAdditional Return, if any
(if Price Return > Fixed Return)

2021 Autocall Valuation Date

16.00%

(Price Return less 16.00%) x 5%

2022 Autocall Valuation Date

24.00%

(Price Return less 24.00%) x 5%

2023 Autocall Valuation Date

32.00%

(Price Return less 32.00%) x 5%

Final Valuation Date

40.00%

(Price Return less 40.00%) x 5%

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:

  • If the Closing Portfolio Price on an Autocall Valuation Date or the Final Valuation Date is greater than or equal to the applicable Autocall Price, the Maturity Redemption Amount will equal:

    Principal Amount + Variable Return

  • If the Final Portfolio Price on the Final Valuation Date is less than the Final Autocall Price but greater than the Barrier Price, the Maturity Redemption Amount will equal:

    Principal Amount

  • If the Final Portfolio 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:

    Barrier Level: 80% of the Initial Portfolio Price

    Autocall Level: 95.00% of the Initial Portfolio Price on the 2020 Autocall Valuation Date and 100.00% of the Initial Portfolio Price on all the other Autocall Valuation Dates.


Performance Commentary

Index Performance
Index Weight Initial Level
02/20/2019		 Current Level
04/18/2019		 Index Performance Lock-In Date
BCE Inc. 25.00% 57.68 60.51 4.91%
Rogers Communications Inc. 25.00% 72.64 70.94 -2.34%
Shaw Communications Inc. 25.00% 27.37 27.42 0.18%
Telus Corporation 25.00% 47.00 49.95 6.28%
Overall Return       2.26%  
Indicative Variable Return       $8.00  



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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