Investor Solutions

BNS Index Growth GIC, Series 2

ISSUE SUMMARY
Product Type: Market Linked GIC
Series: SSPG0004
Issuer: The Bank of Nova Scotia
Issue Date: 08/07/2019
Maturity Date: 08/08/2022 – 3.0 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Return: The return an investor will receive upon maturity is determined by the performance of the S&P/TSX Composite Low Volatility Index, subject to a participation rate of 90.00%
Underlying Index: The S&P/TSX Composite Low Volatility Index is designed to measure the performance of the 50 least volatile stocks within the S&P/TSX Composite Index. Volatility is defined as the standard deviation of a security's daily price returns over the prior one-year trading period. Launched in April 10, 2012, the Index tries to capture the "low volatility anomaly" in Canadian markets by measuring the performance of low volatility stocks from the S&P/TSX Composite Index. The objective of the Index is to achieve lower volatility than its benchmark, the S&P/TSX Composite Index.
  • S&P/TSX Composite Low Volatility Index

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

CURRENT ISSUE STATUS
Term Remaining: 3.0 Years

VARIABLE RETURN CALCULATION

The GIC will not bear any interest during the term, but 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

Participation Rate: 90.00%

No Variable Return will be paid unless the Index Return is greater than 0.00%. The Variable Return, if any, that may be paid on the GIC will not reflect any dividends, distributions or other income or amounts accruing or paid on the securities of the companies that comprise the Index.


Performance Commentary

Index Performance
Index Weight Initial Level
08/07/2019
Current Level
08/23/2019
Index Performance Lock-In Date
S&P/TSX Composite Low Volatility Index 100.00% 435.70 439.52 0.88%
Overall Return       0.88%  



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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