Obligation ScotiaBank 0% ( US06417Q4459 ) en USD

Société émettrice ScotiaBank
Prix sur le marché refresh price now   100 %  ⇌ 
Pays  Canada
Code ISIN  US06417Q4459 ( en USD )
Coupon 0%
Echéance 27/02/2026



Prospectus brochure de l'obligation Bank of Nova Scotia US06417Q4459 en USD 0%, échéance 27/02/2026


Montant Minimal 1 000 USD
Montant de l'émission 87 503 000 USD
Cusip 06417Q445
Notation Standard & Poor's ( S&P ) N/A
Notation Moody's N/A
Description détaillée La Banque de Nouvelle-Écosse (Scotiabank) est une banque multinationale canadienne offrant une vaste gamme de services financiers personnels et commerciaux à travers les Amériques, en Europe et en Asie-Pacifique.

L'Obligation émise par ScotiaBank ( Canada ) , en USD, avec le code ISIN US06417Q4459, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/02/2026







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424B2 1 p54777718-424b2.htm FORM 424B2

Filed Pursuant to Rule 424(b)(2)
Registration Statement No. 333-
228614
(To Prospectus dated December 26,
2018,
Prospectus Supplement dated
December 26, 2018 and
Product Prospectus Supplement
EQUITY SUN-1 dated
February 21, 2019)
8,750,307 Units
Pricing Date
February 27, 2020
$10 principal amount per unit
Settlement Date
March 6, 2020
CUSIP No. 06417Q445
Maturity Date
February 27, 2026





Autocallable Market-Linked Step Up Notes
Linked to the S&P 500® Index
Maturity of approximately six years, if not cal ed prior to maturity
Automatic cal of the notes per unit at $10 plus the applicable Cal Premium ($0.65 on the first Observation Date,
$1.30 on the second Observation Date, $1.95 on the third Observation Date, $2.60 on the fourth Observation
Date and $3.25 on the final Observation Date) if the Index is flat or increases above 100.00% of the Starting
Value on the relevant Observation Date
The Observation Dates wil occur approximately one year, two years, three years, four years and five years after
the pricing date
If the notes are not cal ed, at maturity:
a return of 30.00% if the Index is flat or increases up to the Step Up Value
a return equal to the percentage increase in the Index if the Index increases above the Step Up Value
1-to-1 downside exposure to decreases in the Index beyond a 15.00% decline, with up to 85.00% of your
principal at risk
Al payments are subject to the credit risk of The Bank of Nova Scotia
No periodic interest payments
In addition to the underwriting discount set forth below, the notes include a hedging-related charge of $0.075 per
unit. See "Structuring the Notes"
Limited secondary market liquidity, with no exchange listing
The notes are unsecured debt securities and are not savings accounts or insured deposits of a bank. The notes
are not insured or guaranteed by the Canada Deposit Insurance Corporation (the "CDIC"), the U.S. Federal
Deposit Insurance Corporation (the "FDIC"), or any other governmental agency of Canada, the United States or
any other jurisdiction

The notes are being issued by The Bank of Nova Scotia ("BNS"). There are important differences between the
notes and a conventional debt security, including different investment risks and certain additional costs. See
"Risk Factors" beginning on page TS-8 of this term sheet and beginning on page PS-7 of product prospectus
supplement EQUITY SUN-1.
The initial estimated value of the notes as of the pricing date is $9.55 per unit, which is less than the public
offering price listed below. See "Summary" on the following page, "Risk Factors" beginning on page TS-8 of
this term sheet and "Structuring the Notes" on page TS-17 of this term sheet for additional information. The
actual value of your notes at any time will reflect many factors and cannot be predicted with accuracy.

None of the U.S. Securities and Exchange Commission (the "SEC"), any state securities commission, or any other
regulatory body has approved or disapproved of these securities or determined if this Note Prospectus (as defined
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below) is truthful or complete. Any representation to the contrary is a criminal offense.


Per Unit
Total
Public offering price
$ 10.00
$87,503,070.00
Underwriting discount
$ 0.20
$1,750,061.40
Proceeds, before expenses, to
$ 9.80
$85,753,008.60
BNS
The notes:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value

BofA Securities
February 27, 2020

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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026
Summary
The Autocal able Market-Linked Step Up Notes Linked to the S&P 500® Index, due February 27, 2026 (the "notes") are
our senior unsecured debt securities. The notes are not guaranteed or insured by the CDIC or the FDIC, and are not,
either directly or indirectly, an obligation of any third party. The notes are not bail-inable debt securities (as defined in
the prospectus). The notes will rank equally with all of our other unsecured senior debt. Any payments due on
the notes, including any repayment of principal, will be subject to the credit risk of BNS. The notes wil be
automatical y cal ed at the applicable Cal Amount if the Observation Level of the Market Measure, which is the S&P
500® Index (the "Index"), is equal to or greater than the Cal Level on the relevant Observation Date. If the notes are
not cal ed, at maturity, the notes provide you with a Step Up Payment if the Ending Value of the Index is equal to or
greater than the Starting Value, but is not greater than the Step Up Value. If the Ending Value is greater than the Step
Up Value, you wil participate on a 1-for-1 basis in the increase in the level of the Index above the Starting Value. If the
Ending Value is less than the Starting Value but greater than or equal to the Threshold Value, you wil receive the
principal amount of your notes. If the Ending Value is less than the Threshold Value, you wil lose a portion, which
could be significant, of the principal amount of your notes. Any payments on the notes wil be calculated based on the
$10 principal amount per unit and wil depend on the performance of the Index, subject to our credit risk. See "Terms of
the Notes" below.
The economic terms of the notes (including the Cal Premiums and Cal Amounts) are based on our internal funding
rate, which is the rate we would pay to borrow funds through the issuance of market-linked notes, and the economic
terms of certain related hedging arrangements. Our internal funding rate is typical y lower than the rate we would pay
when we issue conventional fixed rate debt securities. This difference in funding rate, as wel as the underwriting
discount and the hedging related charge described below, reduced the economic terms of the notes to you and the
initial estimated value of the notes on the pricing date. Due to these factors, the public offering price you pay to
purchase the notes is greater than the initial estimated value of the notes.
On the cover page of this term sheet, we have provided the initial estimated value for the notes. This estimated value
was determined by reference to our internal pricing models, which take into consideration certain factors, such as our
internal funding rate on the pricing date and our assumptions about market parameters. For more information about
the initial estimated value and the structuring of the notes, see "Structuring the Notes" on page TS-17.
Terms of the Notes

Issuer:
The Bank of Nova Scotia ("BNS")
Call Settlement
Approximately the fifth business day

Dates:
fol owing the applicable Observation
Date, subject to postponement if the
related Observation Date is postponed,
as described on page PS-26 of product
prospectus supplement EQUITY SUN-
1.
Principal
$10.00 per unit
Call Premiums:
$0.65 per unit if cal ed on the first
Amount:
Observation Date (which represents a
return of 6.50% over the principal
amount), $1.30 per unit if cal ed on the
second Observation Date (which
represents a return of 13.00% over the
principal amount), $1.95 per unit if
cal ed on the third Observation Date
(which represents a return of 19.50%
over the principal amount), $2.60 per
unit if cal ed on the fourth Observation
Date (which represents a return of
26.00% over the principal amount), and
$3.25 per unit if cal ed on the final
Observation Date (which represents a
return of 32.50% over the principal
amount).

Term:
Approximately six years, if not
Ending Value:
The closing level of the Market

cal ed
Measure on the calculation day. The
scheduled calculation day is subject to
postponement in the event of Market
Disruption Events, as described
beginning on page PS-28 of product
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prospectus supplement EQUITY SUN-
1.
Market
The S&P 500® Index (Bloomberg
Step Up Value:
3,872.39 (130.00% of the Starting
Measure:
symbol: "SPX"), a price return index
Value, rounded to two decimal places).

Starting
2,978.76
Step Up
$3.00 per unit, which represents a
Value:
Payment:
return of 30.00% over the principal

amount.
Observation
The closing level of the Market
Threshold
2,531.95 (85.00% of the Starting Value,
Level:
Measure on the applicable
Value:
rounded to two decimal places).

Observation Date.
Observation
March 5, 2021, February 18, 2022, Calculation
February 20, 2026
Dates:
February 17, 2023, February 16,
Day:
2024 and February 21, 2025. The
Observation Dates are subject to
postponement in the event of
Market Disruption Events, as
described beginning on page PS-28
of product prospectus supplement
EQUITY SUN-1.
Call Level:
2,978.76 (100.00% of the Starting
Fees and
The underwriting discount of $0.20 per
Value).
Charges:
unit listed on the cover page and the
hedging related charge of
Autocal able Market-Linked Step Up Notes
TS-2
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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026



$0.075 per unit described in
"Structuring the Notes" on page TS-17.
Call Amounts
$10.65 if cal ed on the first
Calculation
BofA Securities, Inc. ("BofAS").
(per Unit):
Observation Date, $11.30 if cal ed
Agent:
on the second Observation Date,
$11.95 if cal ed on the third
Observation Date, $12.60 if cal ed
on the fourth Observation Date and
$13.25 if cal ed on the final
Observation Date.


Autocal able Market-Linked Step Up Notes
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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026
Determining Payment on the Notes
Automatic Call Provision
The notes wil be cal ed automatical y on an Observation Date if the Observation Level on that Observation Date is
equal to or greater than the Cal Level. If the notes are cal ed, you wil receive $10 per unit plus the applicable Cal
Premium.
Redemption Amount Determination
If the notes are not automatical y cal ed, on the maturity date, you wil receive a cash payment per unit determined as
fol ows:
Autocal able Market-Linked Step Up Notes
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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026
The terms and risks of the notes are contained in this term sheet and in the fol owing:
Product prospectus supplement EQUITY SUN-1 dated February 21, 2019:
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Prospectus supplement dated December 26, 2018:
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Prospectus dated December 26, 2018:
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As a result of the completion of the reorganization of Bank of America's U.S. broker-dealer business, references to
Merril Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") in the accompanying product prospectus supplement
EQUITY SUN-1, as such references relate to MLPF&S's institutional services, should be read as references to BofAS.
These documents (together, the "Note Prospectus") have been filed as part of a registration statement with the SEC,
which may, without cost, be accessed on the SEC website as indicated above or obtained from MLPF&S or BofAS by
cal ing 1-800-294-1322. Before you invest, you should read the Note Prospectus, including this term sheet, for
information about us and this offering. Any prior or contemporaneous oral statements and any other written materials
you may have received are superseded by the Note Prospectus. Capitalized terms used but not defined in this term
sheet have the meanings set forth in product prospectus supplement EQUITY SUN-1. Unless otherwise indicated or
unless the context requires otherwise, al references in this document to "we," "us," "our," or similar references are to
BNS.
Investor Considerations
You may wish to consider an investment in the notes The notes may not be an appropriate investment for
if:
you if:


You are wil ing to receive a return on your investment
You want to hold your notes for the ful term.
capped at the applicable Cal Premium if the relevant
Observation Level is equal to or greater than the Cal
You believe that the notes wil not be automatical y
Level.
cal ed and the Index wil decrease from the Starting
Value to the Ending Value.
You anticipate that the notes wil be automatical y

cal ed or that the Index wil not decrease from the
You seek principal repayment or preservation of
Starting Value to an Ending Value that is less than the
capital.
Threshold Value.
You seek interest payments or other current income on
You are wil ing to risk a substantial loss of principal and
your investment.
return if the notes are not automatical y cal ed and the
You want to receive dividends or other distributions
Index decreases from the Starting Value to an Ending
paid on the stocks included in the Index.
Value that is less than the Threshold Value.
You seek an investment for which there wil be a liquid
You are wil ing to forgo the interest payments that are
secondary market.
paid on conventional interest bearing debt securities.
You are unwil ing or are unable to take market risk on
You are wil ing to forgo dividends or other benefits of
the notes or to take our credit risk as issuer of the
owning the stocks included in the Index.
notes.
You are wil ing to accept a limited or no market for
sales prior to maturity, and understand that the market
prices for the notes, if any, wil be affected by various
factors, including our actual and perceived
creditworthiness, our internal funding rate and fees
and charges on the notes.
You are wil ing to assume our credit risk, as issuer of
the notes, for al payments under the notes, including
the Redemption Amount.
We urge you to consult your investment, legal, tax, accounting, and other advisors before you invest in the notes.
Autocal able Market-Linked Step Up Notes
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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026
Hypothetical Payout Profile and Examples of
Payments at Maturity
The graph below shows a payout profile at maturity, which would only apply if the notes are not called on any
Observation Date.
Autocallable Market-Linked Step Up Notes
This graph reflects the returns on the notes, based on the
Threshold Value of 85.00% of the Starting Value, the Step
Up Payment of $3.00 per unit and the Step Up Value of
130.00% of the Starting Value. The green line reflects the
returns on the notes, while the dotted gray line reflects the
returns of a direct investment in the stocks included in the
Index, excluding dividends.
This graph has been prepared for purposes of il ustration
only.
The fol owing table and examples are for purposes of il ustration only. They are based on hypothetical values and
show hypothetical returns on the notes, assuming the notes are not cal ed on any Observation Date. They il ustrate
the calculation of the Redemption Amount and total rate of return based on a hypothetical Starting Value of 100, a
hypothetical Threshold Value of 85, a hypothetical Step Up Value of 130, the Step Up Payment of $3.00 per unit and a
range of hypothetical Ending Values. The actual amount you receive and the resulting total rate of return will
depend on the actual Starting Value, Threshold Value, Ending Value, Step Up Value, whether the notes are
called on an Observation Date, and whether you hold the notes to maturity. The fol owing examples do not take
into account any tax consequences from investing in the notes.
For recent actual levels of the Market Measure, see "The Index" section below. The Index is a price return index and as
such the Ending Value wil not include any income generated by dividends paid on the stocks included in the Index,
which you would otherwise be entitled to receive if you invested in those stocks directly. In addition, al payments on
the notes are subject to issuer credit risk.
Percentage Change from
the Starting Value to the
Redemption Amount per
Total Rate of Return on
Ending Value

Ending Value

Unit

the Notes
0.00

-100.00%

$1.50

-85.00%
50.00

-50.00%

$6.50

-35.00%
75.00

-25.00%

$9.00

-10.00%
80.00

-20.00%

$9.50

-5.00%
85.00(1)

-15.00%

$10.00

0.00%
90.00

-10.00%

$10.00

0.00%
94.00

-6.00%

$10.00

0.00%
95.00

-5.00%

$10.00

0.00%
97.00

-3.00%

$10.00

0.00%
100.00(2)

0.00%

$13.00(3)

30.00%
105.00

5.00%

$13.00

30.00%
110.00

10.00%

$13.00

30.00%
120.00

20.00%

$13.00

30.00%
130.00(4)

30.00%

$13.00

30.00%
135.00

35.00%

$13.50

35.00%
140.00

40.00%

$14.00

40.00%
150.00

50.00%

$15.00

50.00%
154.00

54.00%

$15.40

54.00%
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160.00

60.00%

$16.00

60.00%
(1)
This is the hypothetical Threshold Value.
(2)
The hypothetical Starting Value of 100 used in these examples has been chosen for il ustrative purposes only.
The actual Starting Value is 2,978.76, which was the closing level of the Market Measure on the pricing date.
(3)
This amount represents the sum of the principal amount and the Step Up Payment of $3.00.
(4)
This is the hypothetical Step Up Value.
Autocal able Market-Linked Step Up Notes
TS-6
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Autocal able Market-Linked Step Up Notes

Linked to the S&P 500® Index, due February 27, 2026
Redemption Amount Calculation Examples
Example 1
The Ending Value is 75.00, or 75.00% of the Starting Value:
Starting Value: 100.00
Threshold Value: 85.00
Ending Value: 75.00
Redemption Amount per unit
Example 2
The Ending Value is 95.00, or 95.00% of the Starting Value:
Starting Value: 100.00
Threshold Value: 85.00
Ending Value: 95.00
Redemption Amount per unit = $10.00, the principal amount, since the Ending Value is less than the Starting Value,
but is equal to or greater than the Threshold Value.
Example 3
The Ending Value is 110.00, or 110.00% of the Starting Value:
Starting Value: 100.00
Step Up Value: 130.00
Ending Value: 110.00
Redemption Amount per unit, the principal amount plus the Step Up Payment, since
the Ending Value is equal to or greater than the Starting Value, but less than the Step
Up Value.
Example 4
The Ending Value is 154.00, or 154.00% of the Starting Value:
Starting Value: 100.00
Step Up Value: 130.00
Ending Value: 154.00
Redemption Amount per unit

Autocal able Market-Linked Step Up Notes
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