Investor Presentaiton
Bail-in Status:
Subsequent Holders:
ISIN/CUSIP:
Events of Default:
Set-Off:
Documentation:
Selling Restrictions:
Governing Law:
Attornment:
The Senior Notes are bail-inable notes subject to conversion in whole or
in part by means of a transaction or series of transactions and in one or
more steps into common shares of the Bank or any of its affiliates
under subsection 39.2(2.3) of the CDIC Act and to variation or
extinguishment in consequence, and subject to the application of the
laws of the Province of Ontario and the federal laws of Canada
applicable therein in respect of the operation of the CDIC Act with
respect to the Senior Notes. For a description of Canadian bank
resolution powers and the consequent risk factors attaching to the Senior
Notes reference is made to
http://www.scotiabank.com/ca/en/about/investors-
shareholders/regulatory-disclosures/canadian-bank-resolution-powers-
including-bail-in.html
which information is hereby incorporated by reference.
Each holder or beneficial owner of a Senior Note that acquires an
interest in the Senior Note in the secondary market and any successors,
assigns, heirs, executors, administrators, trustees in bankruptcy and legal
representatives of any such holder or beneficial owner shall be deemed
to acknowledge, accept, agree to be bound by and consent to the same
provisions specified in the Senior Note to the same extent as the holders
or beneficial owners that acquire an interest in the Senior Note upon its
initial issuance, including, without limitation, with respect to the
acknowledgement and agreement to be bound by and consent to the
terms of the Senior Note related to the bail-in regime.
CA06415EK460/06415EK46
Non-payment of principal and interest when due for a period of 30
business days and acts of insolvency. Default rights may not be
exercised where an order has been made pursuant to s. 39.13(1) of the
CDIC Act in respect of the Bank. The Senior Notes will remain subject
to bail-in conversion until repaid in full.
The holders and beneficial owners of the Senior Notes will not be
entitled to exercise, or direct the exercise of, any set-off or netting rights
with respect to the Senior Notes.
Except for any information incorporated by reference into this indicative
term sheet, no offering memorandum, prospectus, sales or advertising
literature, or any other document describing or purporting to describe
the business and affairs of the Bank has been prepared or is being
provided to prospective purchasers in order to assist them in making an
investment decision in respect of the Senior Notes.
Not for distribution outside of Canada.
Ontario and the federal laws of Canada applicable therein.
Courts of the Province of OntarioView entire presentation