Autocallable Market-Linked Step Up Notes
| Autocallable Market-Linked Step Up Notes Linked to a Global Equity Index Basket | 
This graph assumes that the notes are not called on any Observation Date and reflects the hypothetical return on the notes at maturity. This graph has been prepared for purposes of illustration only.
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| Issuer | The Bank of Nova Scotia (“BNS”) | |
| Principal Amount | $10.00 per unit | |
| Term | Approximately four years, if not called | |
| Market Measure |
An equally weighted global equity index basket comprised of MSCI EAFE® Index (Bloomberg symbol: "MXEA") and Russell 2000® Index (Bloomberg symbol: “RTY”).
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| Automatic Call | The notes will be called automatically on any Observation Date if the closing level of the Market Measure is equal to or greater than the Call Level | |
| Call Level | 100% of the Starting Value | |
| Observation Dates | Approximately one year, two years and three years from the pricing date | |
| Call Amounts |
[$10.65 to $10.75] if called on the first Observation Date, [$11.30 to $11.50] if called on the second Observation Date and [$11.95 to $12.25] if called on the final Observation Date, each to be determined on the pricing date
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| Payout Profile at Maturity |
· If the Market Measure is flat or increases up to the Step Up Value, a return equal to the Step Up Payment · If the Market Measure increases above the Step Up Value, a return equal to the percentage increase in the Market Measure · 1-to-1 downside exposure to decreases in the Market Measure beyond a 10% decline, with up to 90% of your principal at risk |
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| Step Up Value | 125% of the Starting Value | |
| Step Up Payment | $2.50 per unit, a 25% return over the principal amount | |
| Threshold Value | 90% of the Starting Value | |
| Investment Considerations | This investment is designed for investors who anticipate that the Market Measure will increase over the term of the notes, are willing to take downside risk below a threshold and forgo interim interest payments, and are willing to have their notes called prior to maturity. | |
| Preliminary Offering Documents | ||
| Exchange Listing | No |
You should read the relevant Preliminary Offering Documents before you invest.
Click on the Preliminary Offering Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:
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· | If your notes are not called prior to maturity, your investment may result in a loss; there is no guaranteed return of principal. | |
| · | 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 level of one Basket Component may be offset by changes in the level 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. | ||
| · | 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. | ||
| · | If called, your return on the notes is limited to the applicable Call Premium. | ||
| · | You will have no rights of a holder of the securities included in the Basket Components, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those securities. | ||
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Your return on the notes and the value of the notes may be affected by relevant exchange rate movements and factors affecting the international securities markets, specifically changes in the countries represented by the Basket Components.
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| · | The notes are subject to risks associated with small-size capitalization companies. |
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary Offering Documents for complete product disclosure, including related risks and tax disclosure.
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