Investor Solutions

BNS S&P/TSX 60™ Autocallable Notes, Series 34

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1788
Issuer: The Bank of Nova Scotia
Issue Date: 2018-12-28 00:00:00.0
Maturity Date: 2023-12-28 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 Index Level on any Autocall Valuation Date is greater than or equal to the Autocall Level. The Notes cannot be automatically called prior to December 30, 2019. 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 and the Variable Return will not be paid to holders.

Autocall Valuation Dates:December 20, 2019, December 21, 2020, December 21, 2021, December 20, 2022 (each an "Autocall Valuation Date”), and December 20, 2023 (the “Final Valuation Date”).
Variable Return: Variable Return, if any, is linked to the performance of the S&P/TSX 60™ Index. (See Variable Return 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

VARIABLE RETURN CALCULATION

The Variable Return, if any, applicable to each respective Valuation Date will be calculated using the following formula:

Principal Amount x (Fixed Return + Additional Return)

Valuation
Date
Fixed Return Additional Return
(if Index Return > Fixed Return)

2019 Autocall Valuation Date

8.00%

(Index Return less 8.00%) x 5.00%

2020 Autocall Valuation Date

16.00%

(Index Return less 16.00%) x 5.00%

2021 Autocall Valuation Date

24.00%

(Index Return less 24.00%) x 5.00%

2022 Autocall Valuation Date

32.00%

(Index Return less 32.00%) x 5.00%

Final Valuation Date

40.00%

(Index Return less 40.00%) x 5.00%

The Fixed Return for the 2019 Autocall Valuation Date, the 2020 Autocall Valuation Date, the 2021 Autocall Valuation Date, the 2022 Autocall Valuation Date and the Final Valuation Date is equal to an annualized return of 8.00%, 7.70%, 7.43%, 7.19% and 6.96%, respectively.

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 formula below:

  • If the Closing Index Level on an Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Initial Index Level, the Maturity Redemption Amount will equal:

Principal Amount + Variable Return

  • If the Index Return on the Final Valuation Date is less than 0.00% and the Final Index Level is greater than the Barrier Level on the Final Valuation Date, the Maturity Redemption Amount will equal:

Principal Amount

  • If the Index Return on the Final Valuation Date is less than 0.00% and the Final Index Level is equal to or less than the Barrier Level on the Final Valuation Date, the Maturity Redemption Amount will equal

Principal Amount + (Principal Amount x Index Return)

Where:

Barrier Level: 80.00% of the Initial Index Level

The Maturity Redemption Amount may be less than 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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