Investor Solutions

BNS Index Growth GIC, Series 4F (USD)

ISSUE SUMMARY
Product Type: Market Linked GIC
Series: SSPG0006
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 Index.

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 performance of the EURO STOXX 50® Index, subject to a participation rate of 67.50%
Underlying Index: The EURO STOXX 50® Index is a capitalization-weighted index of 50 stocks from 11 Eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. It captures approximately 60% of the free float market capitalization of the EURO STOXX® Total Market Index, which in turn covers approximately 95% of the free float market capitalization of the represented countries. This Index is weighted by free float market capitalization, subject to a 10% cap. Share prices are taken from each of the Exchanges on which the component shares are traded and this Index is currently updated each minute of the day, from 9:00 a.m. to 6:00 p.m. (Central European time), in order to provide accurate information on a continuous real time basis.
  • EURO STOXX 50® Index

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

CURRENT ISSUE STATUS
Term Remaining: 5.0 Years

VARIABLE RETURN CALCULATION

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

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

The Index Return is the percentage increase or decrease in the Closing Index Level measured from the Initial Valuation Date to the Final Valuation Date, calculated as follows:

(Final Price - Initial Price)/Initial Price

Where: Participation Rate: 67.50%

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.

All amounts payable in U.S. Dollars.


Performance Commentary

Index Performance
Index Weight Initial Level
08/07/2019
Current Level
08/23/2019
Index Performance Lock-In Date
EURO STOXX 50® Index 100.00% 3,309.99 3,373.67 1.92%
Overall Return       1.92%  



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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