Investor Solutions

BNS Canadian Income GIC (3 Year) Series 1

ISSUE SUMMARY
Product Type: Market Linked GIC
Series: 14013EPCI
Issuer: The Bank of Nova Scotia
Issue Date: 01/07/2014
Maturity Date: 01/07/2017 – 3.0 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Return: Annual Coupon Amounts, if any, linked to the price performance of a portfolio consisting of 10 Canadian Equities with a potential coupon of 4.20% per year and a guaranteed Minimum Annual Coupon of 0.50% per year, on each Annual Coupon Payment Date. (See Annual Coupon Calculation for more details)
Equity Basket: The Basket is comprised of the following 10 issuers (equally dollar-weighted at inception):
  • CGI Group Inc.
  • Canadian Pacific Railway Limited
  • Loblaw Companies Limited
  • Manulife Financial Corporation
  • Restaurant Brands International Inc.
  • Shaw Communications Inc.
  • Suncor Energy Inc.
  • TC Energy Corporation
  • Telus Corporation
  • Toronto-Dominion Bank

CURRENT ISSUE STATUS
Term Remaining: 0.0 Years
Indicative Variable Rate of Return at Maturity: $4.20

VARIABLE RETURN CALCULATION

An Annual Coupon Amount will be paid on each Annual Coupon Payment Date. The Annual Coupon Amount per GIC that may be payable on an Annual Coupon Payment Date will be an amount in Canadian dollars, rounded to the nearest cent, equal to the result obtained using the following formula:

Annual Coupon Amount = Principal Amount Coupon Rate

The Coupon Rate for the Annual Coupon Payment Dates will be an amount equal to the average of the Share Returns (each of which can be positive or negative) of the Shares in the Basket, expressed as a percentage. The Share Return of any particular Share in the Basket shall be equal to the percentage increase or decrease in the Closing Price of that Share, measured from the Issue Date to the relevant Valuation Date:

  1. If the Share Return in respect of a Share is greater than zero, then the Share Return for such Share will be deemed to be 4.20% (regardless of whether the actual Share Return is more than 4.20%); and

  2. If the Share Return in respect of a Share is zero or negative, then the Share Return will be the actual negative Share Return limited to -5.00%. If the Share Return in respect of a Share is zero or negative, then the Share Return will be the actual negative Share Return limited to -5.00%. If the average of the Share Returns is equal to or below 0.50%, the Coupon Rate will be 0.50%.


Performance Commentary

Basket Performance
Basket Assets Weight Initial Price
01/09/2014
Current Price
08/23/2019
Actual Return Share Return Lock-In Date
CGI Group Inc. 10.00% $35.25 $65.86 86.84% 4.20% 01/06/2017
Canadian Pacific Railway Limited 10.00% $161.19 $194.87 20.89% 4.20% 01/06/2017
Loblaw Companies Limited 10.00% $43.61 $70.68 62.07% 4.20% 01/06/2017
Manulife Financial Corporation 10.00% $21.99 $24.29 10.46% 4.20% 01/06/2017
Restaurant Brands International Inc. 10.00% $25.45 $63.96 151.32% 4.20% 01/06/2017
Shaw Communications Inc. 10.00% $25.48 $27.33 7.26% 4.20% 01/06/2017
Suncor Energy Inc. 10.00% $37.29 $44.13 18.34% 4.20% 01/06/2017
TC Energy Corporation 10.00% $48.12 $61.10 26.97% 4.20% 01/06/2017
Telus Corporation 10.00% $36.28 $44.20 21.83% 4.20% 01/06/2017
Toronto-Dominion Bank 10.00% $49.03 $67.81 38.30% 4.20% 01/06/2017



Note: An investment in a Market Linked GIC (MLGIC) may not be suitable for all investors. Important information about these investments is contained in the Fact Sheet of each MLGIC series. Investors should obtain and carefully read a copy 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. Principal is guaranteed at maturity only for products purchased at their issue price and held to maturity. The investment return on a MLGIC, if any, is uncertain in that an investor may not receive more than return of the principal amount at maturity. A person should reach a decision to invest in a MLGIC 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 Fact Sheet.

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