Investor Solutions

BNS Index Autocallable Deposit Notes, Series 2F

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: SSP435
Issuer: The Bank of Nova Scotia
Issue Date: 09/25/2020
Maturity Date: 09/27/2027 – 7.0 yr term
Principal Payment: The Notes are 100.00% principal protected by The Bank of Nova Scotia (the “Bank”) if held to maturity or to an applicable Autocall Valuation Date in respect of which the Notes are called by the Bank, subject the credit risk of the Bank.
Variable Return: If the Closing Index Level on an Autocall Valuation Date or the Final Index Level on the Final Valuation Date, as the case may be, is greater than or equal to the Autocall Price investors will receive a Variable Return on the Notes payable on the Maturity Date or the applicable Payment Date. No Variable Return will be paid unless the Closing Index Level on an Autocall Valuation Date or the Final Index Level on the Final Valuation Date, as the case may be, is greater than or equal to the Autocall level.
Underlying Index: The Index aims to track the 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 “Adjusted Return Factor”). The Index was first launched on May 14, 2020.
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
Information Statement: English | French
Client Summary / Information Statement: English | French
CURRENT ISSUE STATUS
Current Bid Price:
Term Remaining: 7.0 Years
Annualized Return: %
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 09/25/2020
Indicative Variable Rate of Return at Maturity: $0.00
Historical Bid Prices: view

VARIABLE RETURN CALCULATION

The Variable Return, if any, applicable to each respective Valuation Date will be calculated using the following formula:

Principal Amount x (Fixed Return + Additional Return)

Valuation
Date
Fixed Return Additional Return, if any
(if Price Return > Fixed Return)

2022 Autocall Valuation Date

5.00%

(Price Return less 5.00%) x 5%

Final Valuation Date

0.00%

(Price Return ) x 100%

The Fixed Return for the 2022 Autocall Valuation Date is equal to 5.00% which is equal to an annualized return of approximately 2.47% per Note.

Investors may also receive an Additional Return of 5.00% of the amount, if any, by which the Price Return exceeds the Fixed Return on the applicable Valuation Date. Investors should note that if the Price Return on the applicable Valuation Date is equal to or less than the Fixed Return, the Additional Return will be zero and no Additional Return will be paid on the Notes.


Performance Commentary

Index Performance
Index Weight Initial Level
09/25/2020
Current Level
09/28/2020
Index Performance Lock-In Date
Solactive Equal Weight Canada Banks 5% AR Index 100.00% 130.18 130.18 0.00%



Note: An investment in principal protected notes may not be suitable for all investors. Important information about these investments is contained in the Information Statement of each note. 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 the notes, 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 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 Information Statement.

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