Investor Solutions

BNS Canadian Banks Enhanced Participation Notes, Series 10 (USD)

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP2369
Issuer: The Bank of Nova Scotia
Issue Date: 09/22/2020
Maturity Date: 09/22/2025 – 5.0 yr term
Principal Payment: The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)

Variable Return: Variable Return, if any, is linked to the performance of the Solactive Equal Weight Canada Banks 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
Base Shelf Prospectus: English | French
Product Supplement: English | French
Pricing Supplement: English | French
Investor Summary: English | French
CURRENT ISSUE STATUS
Current Bid Price: $97.36
Term Remaining: 5.0 Years
Annualized Return: -2.64%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: 4.50%
ETC End Date: 06/19/2021
Historical Bid Prices: view

VARIABLE RETURN CALCULATION

The amount payable on the Notes at maturity (the "Maturity Redemption Amount") will be calculated by the Calculation Agent in accordance with the formulae below:

• If the Index Return on the Final Valuation Date is greater than 0.00%, the Maturity Redemption Amount will equal:

o Principal Amount + (Principal Amount x Participation Rate x Index Return)

•If the Index Return on the Final Valuation Date is less than or equal to 0.00%, then the Variable Return Amount will equal:

o Principal Amount + (Principal Amount x Index Return)


Where:

Participation Rate: 275%

Index Return: Means an amount (which may be positive or negative) expressed as a percentage calculated by the Calculation Agent in accordance with the following formula:

o (Final Index Level - Initial Index Level)/ Initial Index Level

The Variable Return Amount may be less than the Principal Amount invested by an investor. The Variable Return Amount will be subject to a minimum principal repayment of US$1.00 per Note.


Performance Commentary

Index Performance
Index Weight Initial Level
09/22/2020
Current Level
09/28/2020
Index Performance Lock-In Date
Solactive Equal Weight Canada Banks 5% AR Index 100.00% 130.56 130.18 -0.29%
Overall Return       -0.29%  



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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