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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/21/21 Bank of Nova Scotia FWP 1:18K Bank of Nova Scotia Cadwalader Wickersh… LLP |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 13K
Strategic Accelerated Redemption Securities® 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 ten years, if not called earlier
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Market Measure
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The S&P 500® Index (Bloomberg symbol: “SPX”)
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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 closing level of the Market Measure on any Observation Date
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Observation Dates
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Approximately one, two, three, four, five ,six, seven, eight, nine and ten years 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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[$10.55 to $10.65] if called on the first Observation Date, [$11.10 to $11.30] if called on the second Observation Date, [$11.65 to $11.95] if called on the third
Observation Date, [$12.20 to $12.60] if called on the fourth Observation Date, [$12.75 to $13.25] if called on the fifth Observation Date, [$13.30 to $13.90] if called on the sixth Observation Date, [$13.85 to $14.55] if called on the
seventh Observation Date, [$14.40 to $15.20] if called on the eighth Observation Date, [$14.95 to $15.85] if called on the ninth Observation Date and [$15.50 to $16.50] 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% 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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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:
• If your notes are not called, 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.
• 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
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.
• The COVID-19 virus may have an adverse impact on BNS.
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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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/21/21 Bank of Nova Scotia FWP 1:289K Bank of Nova Scotia Cadwalader Wickersh… LLP |