AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®
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Autocallable Strategic Accelerated Redemption Securities® Linked to a Basket of Three ETFs
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Issuer
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The Bank of Nova Scotia (“BNS”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately one year, if not called earlier
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Market Measure
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An equally weighted basket comprised of three ETFs which are the Energy Select Sector SPDR® Fund (Bloomberg symbol: “XLE”), the Financial Select Sector SPDR® Fund
(Bloomberg symbol: “XLF”) and the Industrial Select Sector SPDR® Fund (Bloomberg symbol: “XLI”).
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Automatic Call
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The notes will be called automatically if the Observation Level of the Market Measure on any of the Observation Dates is equal to or greater than the Call Level
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Observation Level
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The value of the Market Measure on any Observation Date
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Observation Dates
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Approximately six, nine and twelve months from the pricing date
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Call Level
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100.00% of the Starting Value
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Call Amounts
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[$10.450 to $10.500] if called on the first Observation Date, [$10.675 to $10.750] if called on the second Observation Date and [$10.900 to $11.000] if called on the final Observation
Date, each to be determined on the pricing date
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Payout Profile at Maturity
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If the notes are not called, 1-to-1 downside exposure to decreases in the Market Measure, with up to 100.00% of your principal amount at risk
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Threshold Value
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100.00% of the Starting Value
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Investment Considerations
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This investment is designed for investors who anticipate that the Observation Level of the Market Measure on at least one of the Observation Dates will be equal to or greater than the Call
Level and, in that case, are willing to have their notes called. This investment is also designed for investors who are willing to accept that their return on their investment will be capped at the applicable Call Premium, take full
downside risk and forgo interim interest payments.
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Preliminary Offering
Documents
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Exchange Listing
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No
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If the notes are not automatically called, your investment will result in a loss; there is no guaranteed return of principal.
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Payments on the notes are subject to the credit risk of BNS, and actual or perceived changes in the creditworthiness of BNS are expected to affect the value of the notes. If BNS becomes insolvent or is unable
to pay its obligations, you may lose your entire investment.
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Changes in the price of one of the Basket Components may be offset by changes in the price of the other Basket Component.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value of the notes on the pricing date.
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If called, your return on the notes is limited to the applicable Call Premium.
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You will have no rights of a holder of the Basket Components or the securities held by the Basket Components, and you will not be entitled to receive any dividends or other distributions by the Basket
Components, any shares of the Basket Components or the securities held by the Basket Components.
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There are liquidity and management risks associated with the Basket Components.
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The performance of a Basket Component may not correlate with the performance of its Underlying Index as well as the net asset value per share of such Basket Component, especially during periods of market
volatility when the liquidity and the market price of such Basket Component and/or the securities held by such Basket Component may be adversely affected, sometimes materially.
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The prices of the Basket Components will be influenced by the prices of the underlying securities held by each, which may change unpredictably and affect the value of the notes in unforeseeable ways.
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All of the securities held by each respective Basket Component are concentrated in one sector.
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