Investor Solutions

BNS Invesco QQQSM Callable Contingent US$6.15 Coupon Notes, Series 5F (USD)

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP2567
Issuer: The Bank of Nova Scotia
Issue Date: 03/03/2021
Maturity Date: 03/03/2026 – 5.0 yr term
Principal Payment: The original principal amount invested is not protected (See Variable Return Calculation for more details)

Semi-Annual Coupon Payment:Holders of record on the applicable Semi-Annual Coupon Payment Record Date may be entitled to receive from the Bank a Semi-Annual Coupon Payment, determined as follows:

  1. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is greater than the Barrier Price, the Semi-Annual Coupon Payment will be US$3.075 per Note; and
  2. If the Closing Unit Price on the relevant Semi-Annual Coupon Payment Valuation Date is less than or equal to the Barrier Price, no Semi-Annual Coupon Payment will be made.

    The aggregate Semi-Annual Coupon Payments over the term of the Notes will not exceed US$30.75 per Note. If the Notes are called, holders will receive both the Principal Amount and the Semi-Annual Coupon Payment for the applicable Autocall Valuation Date.

    Autocall :The Notes will be automatically called (i.e., redeemed) by the Bank if the Closing Unit Price on any Autocall Valuation Date is greater than or equal to the Autocall Price. The Notes cannot be automatically called prior to March 3, 2022. If the Closing Unit Price on any Autocall Valuation Date is not greater than or equal to the Autocall Price, the Notes will not be automatically called by the Bank.

    Valuation Dates:February 25, 2022, August 30, 2022, February 27, 2023, August 29, 2023, February 27, 2024, August 27, 2024, February 25, 2025, August 27, 2025 (each an “Autocall Valuation Date”), and February 25, 2026 (the “Final Valuation Date”).
Maturity Redemption Amount: Maturity Redemption Amount is linked to the performance of the Invesco QQQ Trust℠, Series 1. (See Maturity Redemption Amount Calculation for more details)
Reference ETF: The Reference ETF is an exchange traded fund which seeks to provide investment results that, before fees and expenses, generally correspond to the price and yield performance of the NASDAQ-100 Index® (the “Index”). The Index is a modified capitalization-weighted index comprised of securities issued by 100 of the largest non-financial companies listed on the NASDAQ Global Market tier or the NASDAQ Global Select Market tier of The NASDAQ Stock Market LLC. The Reference Units are listed on the NASDAQ Global Market tier of The NASDAQ Stock Market LLC under the symbol QQQ.
  • Invesco QQQ Trust Series 1

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:
Term Remaining: 5.0 Years
Annualized Return: %
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 03/03/2021
Indicative Variable Rate of Return at Maturity: $0.00
Historical Bid Prices: view

MATURITY REDEMPTION AMOUNT CALCULATION

Holders of record on the applicable Record Date will be entitled to an amount payable on the Notes if they are automatically called by the Bank or at maturity (in each case, the “Maturity Redemption Amount”) as calculated by the Calculation Agent in accordance with the applicable formula below:


           If the Closing Unit Price on an Autocall Valuation Date or the Final Valuation Date is greater than or equal to the Autocall Price, the Maturity Redemption Amount will equal:

Principal Amount

i            If the Final Unit Price on the Final Valuation Date is less than the Autocall Price but greater than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount

          If the Final Unit Price on the Final Valuation Date is equal to or less than the Barrier Price, the Maturity Redemption Amount will equal:

Principal Amount + (Principal Amount x Price Return)

Where:

Autocall Price: 100.00% of the Initial Unit Price;

Barrier Price: 50.00% of the Initial Unit Price;

The return on the Notes will not reflect the total return that an investor would receive if such investor owned the Reference Unit or the securities included in the Reference ETF.

The Maturity Redemption Amount will be substantially less than the Principal Amount invested by an investor if the Final Unit Price on the Final Valuation Date is equal to or less than the Barrier Price. The Maturity Redemption Amount will be subject to a minimum principal repayment of US$1.00 per Note.


Performance Commentary

Index Performance
Index Weight Initial Level
03/03/2021
Current Level
03/04/2021
Index Performance Lock-In Date
Invesco QQQ Trust Series 1 100.00% 309.16 309.16 0.00%



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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