Registration Statement No. 333-261476
ACCELERATED RETURN NOTES® (ARNs®)
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ARNs® Linked to the S&P 500® Index
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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 two years
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Market Measure
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The S&P 500® Index (Bloomberg symbol: “SPX”)
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Payout Profile at Maturity
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• 2-to-1 leveraged upside
exposure to increases in the Market Measure, subject to the Capped Value
• 1-to-1 downside exposure to
decreases in the Market Measure, with up to 100.00% of your principal at risk
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Participation Rate
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200.00%
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Capped Value
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[$11.50 to $11.90] per unit, a [15.00% to 19.00%] return over the principal amount, to be determined on the pricing date
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Starting Value
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The lowest closing level of the Market Measure on any Market Measure Business Day during the Starting Value Determination Period.
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Starting Value Determination
Period
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The period from and including the pricing date to and including the day that is approximately two months following the pricing date.
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Investment Considerations
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This investment is designed for investors who anticipate that the Market Measure will increase moderately over the term of the notes, and are willing to accept a capped return, 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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Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may 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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The Starting Value will be determined after the pricing date of the notes.
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Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Market Measure.
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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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You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those
securities.
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Hypothetical
Percentage Change
from the Starting
Value to the Ending
Value
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Hypothetical
Redemption
Amount per Unit
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Hypothetical Total
Rate of Return on
the Notes
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-100.00%
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$0.00
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-100.00%
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-75.00%
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$2.50
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-75.00%
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-50.00%
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$5.00
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-50.00%
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-40.00%
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$6.00
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-40.00%
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-30.00%
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$7.00
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-30.00%
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-20.00%
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$8.00
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-20.00%
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-10.00%
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$9.00
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-10.00%
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-5.00%
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$9.50
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-5.00%
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0.00%
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$10.00
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0.00%
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2.00%
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$10.40
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4.00%
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5.00%
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$11.00
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10.00%
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7.00%
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$11.40
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14.00%
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8.50%
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$11.70(1)
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17.00%
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10.00%
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$11.70
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17.00%
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20.00%
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$11.70
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17.00%
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30.00%
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$11.70
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17.00%
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40.00%
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$11.70
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17.00%
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50.00%
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$11.70
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17.00%
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(1)
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The Redemption Amount per unit cannot exceed the hypothetical Capped Value.
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