Investor Solutions

BNS S&P 500® Callable Contingent $6.10 Coupon Notes, Series 66

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP1787
Issuer: The Bank of Nova Scotia
Issue Date: 01/09/2019
Maturity Date: 01/09/2026 – 7.0 yr term
Principal Payment: The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)

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. The Notes cannot be automatically called prior to July 9, 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.

Autocall Level: 110.00% of the Initial Index Level

Valuation Dates:July 2, 2020, January 5, 2021, July 2, 2021, January 4, 2022, July 5, 2022, January 3, 2023, June 30, 2023, January 3, 2024, July 2, 2024, January 3, 2025, July 2, 2025 (each an “Autocall Valuation Date”), and January 5, 2026 (the “Final Valuation Date”).


Semi-Annual Coupon Payments: Holders of record on the applicable Semi-Annual Coupon Payment Record Date may be entitled to receive from the Bank a Semi-Annual Coupon Payment, determined as follows:

  1. If the Closing Index Level on the relevant Semi-Annual Coupon Payment Valuation Date is greater than the Barrier Level, the Semi-Annual Coupon Payment will be $3.05 per Note; and

  2. If the Closing Index Level on the relevant Semi-Annual Coupon Payment Valuation Date is less than or equal to the Barrier Level, no Semi-Annual Coupon Payment will be made.

    The aggregate Semi-Annual Coupon Payments over the term of the Notes will not exceed $42.70 per Note. If the Notes are called, holders will receive both the Principal Amount and the Semi-Annual Coupon Payment for the applicable Autocall Valuation Date.
Maturity Redemption Amount: Maturity Redemption Amount is linked to the performance of the S&P 500 Index. (See Maturity Redemption Amount Calculation for more details)
Underlying Index: The S&P 500® Index is a large-cap index comprising 500 leading companies in leading industries of the U.S. economy. The Index is market cap weighted, with weights adjusted for available share float, and covers ten economic sectors, representing approximately 80% coverage of U.S. equities. The Index is maintained by the Index Committee, a team of S&P Dow Jones Indices economists and index analysts, who meet on a monthly basis. The goal of the Index Committee is to ensure that the Index remains a leading indicator of U.S. equities, reflecting the risk and return characteristics of the broader large cap universe on an on-going basis. The Index Committee also monitors constituent liquidity to ensure efficient portfolio trading while keeping index turnover to a minimum.
  • S&P® 500 Index

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: $104.11
Term Remaining: 6.6 Years
Annualized Return: 4.11%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: 3.25%
ETC End Date: 01/06/2020
Indicative Variable Rate of Return at Maturity: $0.00
Historical Bid Prices: view

MATURITY REDEMPTION AMOUNT

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:


i.            If the Closing 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

ii.           If the Final Index Level on the Final Valuation Date is less than the Autocall Level but 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:

Autocall Level: 110.00% of the Initial Index Level;

Barrier Level: 70.00% of the Initial Index Level;

The Maturity Redemption Amount will be substantially less than the Principal Amount invested by an investor if the Final Index Level on the Final Valuation Date is equal to or less than the Barrier Level. The return on the Notes will not reflect the total return that an investor would receive if such investor owned the securities included in the Index.

The Maturity Redemption Amount will be subject to a minimum principal repayment of $1.00 per Note.


Performance Commentary

Index Performance
Index Weight Initial Level
01/09/2019		 Current Level
05/17/2019		 Index Performance Lock-In Date
S&P® 500 Index 100.00% 2,574.41 2,876.32 11.73%
Overall Return       11.73%  
Indicative Variable Return       $0.00  



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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