Investor Solutions

BNS Canadian Banks Growth GIC, Series 2F

ISSUE SUMMARY
Product Type: Market Linked GIC
Series: SSPG0007
Issuer: The Bank of Nova Scotia
Issue Date: 08/07/2019
Maturity Date: 08/07/2024 – 5.0 yr term
Principal Payment:

100% Principal repayment if held to maturity.

The GIC will pay a Fixed Coupon Amount on each annual Fixed Coupon Payment Date. The Fixed Coupon Amount will be based on the Fixed Coupon Rate only and will not depend on the price performance of the Shares.

Fixed Coupon Payment Dates: August 7, 2020, August 9, 2021, August 8, 2022, August 8, 2023, August 7, 2024.

Fixed Coupon Rate: 1.00% p.a.

Variable Return: The return an investor will receive upon maturity is determined by the price performance of an underlying Basket of Shares of Canadian Banks, subject to a participation rate of 70.00%
Canadian Banks Basket: The Basket is comprised of the following 6 issuers (equally dollar-weighted at inception): BMO, CM, NA, RY, BNS, TD
  • Bank of Montreal
  • Bank of Nova Scotia
  • Canadian Imperial Bank of Commerce
  • National Bank of Canada
  • Royal Bank of Canada
  • Toronto-Dominion Bank

ISSUE DOCUMENTS
Issue Notices:
Document de Fixation du Prix   (French)
Pricing Document   (English)

CURRENT ISSUE STATUS
Term Remaining: 5.0 Years
Indicative Variable Rate of Return at Maturity: $0.00

VARIABLE RETURN CALCULATION

The GIC will have a Variable Return, if any, per certificate at maturity calculated as follows:

Variable Return = Principal Amount × (Price Return × Participation Rate)

The Variable Return is equal to the weighted average of the Share Returns (each of which can be zero, positive or negative) of the Shares of the Companies in the Basket measured from the Initial Valuation Date to the Final Valuation Date, calculated as follows:

(Final Price - Initial Price)/Initial Price

Where: Participation Rate: 70.00%

No Variable Return will be paid unless the Price Return is greater than 0.00%. The Variable Return that may be paid on the GIC will not reflect any dividends, distributions or other income or amounts accruing or paid on the Shares.


Performance Commentary

Basket Performance
Asset Weight Initial Price
08/07/2019
Current Price
08/23/2019
Price Performance Lock-In Date
Bank of Montreal 16.67% $95.21 $93.06 -2.26%
Bank of Nova Scotia 16.67% $68.99 $68.48 -0.74%
Canadian Imperial Bank of Commerce 16.67% $100.42 $101.60 1.18%
National Bank of Canada 16.67% $63.12 $61.28 -2.92%
Royal Bank of Canada 16.67% $101.32 $99.35 -1.94%
Toronto-Dominion Bank 16.67% $74.36 $72.64 -2.31%



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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