Obligation ScotiaBank 0% ( US06417Q4947 ) en USD

Société émettrice ScotiaBank
Prix sur le marché 100 %  ▲ 
Pays  Canada
Code ISIN  US06417Q4947 ( en USD )
Coupon 0%
Echéance 27/01/2023 - Obligation échue



Prospectus brochure de l'obligation Bank of Nova Scotia US06417Q4947 en USD 0%, échue


Montant Minimal 1 000 USD
Montant de l'émission 22 056 000 USD
Cusip 06417Q494
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 US06417Q4947, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 27/01/2023







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424B2 1 bn54658391-424b2.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)
2,205,550 Units
Pricing Date
January 30, 2020
$10 principal amount per unit
Settlement Date
February 7, 2020
CUSIP No. 06417Q494
Maturity Date
January 27, 2023





Autocallable Market-Linked Step Up Notes Linked to the
Russell 2000® Index
Maturity of approximately three years, if not cal ed prior to maturity

Automatic cal of the notes per unit at $10 plus the applicable Cal Premium ($0.795 on the first Observation Date and
$1.590 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 and two 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, with up to 100.00% 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 $9.66 per unit, which is less than the public
offering price listed below. See "Summary" on the fol owing page, "Risk Factors" beginning on page TS-8 of this term
sheet, "Additional Risk Factors" on page TS-9 of this term sheet and "Structuring the Notes" on page TS-15 of this term
sheet for additional information. The actual value of your notes at any time wil 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 below)
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is truthful or complete. Any representation to the contrary is a criminal offense.
_________________________

Per Unit
Total
Public offering price
$10.00
$22,055,500.00
Underwriting discount
$0.20
$441,110.00
Proceeds, before expenses, to BNS
$9.80
$21,614,390.00
The notes:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
BofA Securities
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Autocal able Market-Linked Step Up Notes

Linked to the Russel 2000® Index, due January 27, 2023
Summary
The Autocal able Market-Linked Step Up Notes Linked to the Russel 2000® Index, due January 27, 2023 (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 Russel 2000® 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, you wil lose al or a portion 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-15.

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

Dates:
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: $0.795 per unit if cal ed on the first
Amount:
Observation Date (which represents a return
of 7.95% over the principal amount) and
$1.590 per unit if cal ed on the final
Observation Date (which represents a return
of 15.90% over the principal amount).

Term:
Approximately three years, if not cal ed Ending Value: The closing level of the Market 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
prospectus supplement EQUITY SUN-1.
Market
The Russel 2000® Index (Bloomberg
Step Up Value: 2,142.685 (130.00% of the Starting Value,
Measure:
symbol: "RTY"), a price return index
rounded to three decimal places).

Starting Value: 1,648.219
Step Up
$3.00 per unit, which represents a return of

Payment:
30.00% over the principal amount.
Observation
The closing level of the Market Measure Threshold
1,648.219 (100.00% of the Starting Value).
Level:
on the applicable Observation Date.
Value:

Observation
February 5, 2021 and January 21,
Calculation
January 20, 2023
Dates:
2022. The Observation Dates are
Day:
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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:
1,648.219 (100.00% of the Starting
Fees and
The underwriting discount of $0.20 per unit

Value).
Charges:
listed on the cover page and the hedging
related charge of $0.075 per unit described in
"Structuring the Notes" on page TS-15.
Call Amounts
$10.795 if cal ed on the first
Calculation
BofA Securities, Inc. ("BofAS").
(per Unit):
Observation Date and $11.590 if cal ed Agent:
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 Russel 2000® Index, due January 27, 2023
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 Russel 2000® Index, due January 27, 2023
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 if: The notes may not be an appropriate investment for 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 cal ed
Level.
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 Starting
You seek principal repayment or preservation of capital.
Value to the Ending 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 paid
Index decreases from the Starting Value to the Ending
on the stocks included in the Index.
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 the


You are wil ing to forgo dividends or other benefits of
notes or to take our credit risk as issuer of the notes.
owning the stocks included in the Index.
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 Russel 2000® Index, due January 27, 2023
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 100.00% 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 100, 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.
Autocal able Market-Linked Step Up Notes
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Autocal able Market-Linked Step Up Notes

Linked to the Russel 2000® Index, due January 27, 2023
Percentage Change from
the Starting Value to the
Redemption Amount per
Total Rate of Return on the
Ending Value

Ending Value

Unit

Notes
0.00

-100.00%

$0.00

-100.00%
50.00

-50.00%

$5.00

-50.00%
75.00

-25.00%

$7.50

-25.00%
80.00

-20.00%

$8.00

-20.00%
90.00

-10.00%

$9.00

-10.00%
95.00

-5.00%

$9.50

-5.00%
100.00(1)(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%
143.00

43.00%

$14.30

43.00%
150.00

50.00%

$15.00

50.00%
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 1,648.219, 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
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Autocal able Market-Linked Step Up Notes

Linked to the Russel 2000® Index, due January 27, 2023
Redemption Amount Calculation Examples
Example 1
The Ending Value is 90.00, or 90.00% of the Starting Value:
Starting Value:
100.00
Threshold Value:
100.00
Ending Value:
90.00
Redemption Amount per unit
Example 2
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 3
The Ending Value is 143.00, or 143.00% of the Starting Value:
Starting Value:
100.00
Step Up Value:
130.00
Ending Value:
143.00
Redemption Amount per unit
Autocal able Market-Linked Step Up Notes
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