Investor Solutions

Canadian Banks Growth GIC 12

ISSUE SUMMARY
Product Type: Market Linked GIC
Series: SSPG0030
Issuer: The Bank of Nova Scotia
Issue Date: 07/31/2020
Maturity Date: 07/31/2026 – 6.0 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Return: Variable Return, if any, is linked to the performance of The Solactive Equal Weight Canada Banks 5% AR Index. (See Variable Return Calculation for more details)
Underlying Index: The Index aims to track the gross total return performance of the Solactive Equal Weight Canada Banks Index (the “Target Index”), subject to a reduction of 5.00% per annum applied on a daily basis at the time the Index is calculated. The Target Index is an equally-weighted free-float market capitalization index of common stock of Canadian issuers primarily listed on the Toronto Stock Exchange that are classified by the Index Sponsor as “Major Banks” or “Regional Banks”. The Target Index is a gross total return index that reflects the applicable price changes of its constituent securities and any dividends and distributions paid in respect of such securities, without deduction of any withholding tax or other amounts to which an investor holding the constituent securities of the Target Index would typically be exposed. For the calculation of the level of the Target Index, any dividends or other distributions paid on the constituent securities of the Target Index are reinvested across all the constituent securities of the Target Index.
  • Solactive Equal Weight Canada Banks 5% AR Index

ISSUE DOCUMENTS
Issue Notices:
Pricing Document   (English)
Pricing Document_FR   (French)

CURRENT ISSUE STATUS
Term Remaining: 6.0 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 Variable Return is equal to the index level (each of which can be zero, positive or negative) measured from the Initial Valuation Date to the Final Valuation Date, calculated as follows:

(Final Price - Initial Price)/Initial Price

Participation Rate: 55.00%

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

Index Performance
Index Weight Initial Level
07/31/2020
Current Level
08/04/2020
Index Performance Lock-In Date
Solactive Equal Weight Canada Banks 5% AR Index 100.00% 125.56 125.56 0.00%
Overall Return       0.00%  



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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