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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:
●Depending on the performance of the Market Measure as measured shortly before the maturity date, 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.
●Your investment return is limited to the return represented by the Capped Value and may be less than that of a comparable investment directly in the Basket Components or the stocks included in the Underlying Fund.
●Changes in the price of one of the Basket Components may be offset by changes in the price of the other Basket Components.
●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.
●You will have no rights of a holder of the Basket Components and you will not be entitled to receive any shares of the Basket Components or the securities or dividends or other distributions with respect to any Basket Components or the stocks included in the Underlying Fund.
●No Underlying Company will have any obligations relating to the notes, and none of us, MLPF&S or BofAS will perform any due diligence procedures with respect to any Underlying Company in connection with this offering.
●Payments on the notes will not be adjusted for all corporate events that could affect the Basket Components.
●The Sponsor of the XLE will not have any obligations relating to the notes.
●The publisher of the XLE’s Underlying Index may adjust it in a way that affects its level, and that publisher has no obligation to consider your interests.
●There are liquidity and management risks associated with the XLE.
●The Sponsor or the Index Publisher may adjust the XLE or the Underlying Index in a way that affects its value, and they have no obligation to consider your interests.
●The performance of the XLE may not correlate with the performance of its Underlying Index or the net asset value per share of the XLE, especially during periods of market volatility.
●The XLE holds underlying assets traded on foreign exchanges; time zone differences may create discrepancies between the values of those underlying assets and the value of the notes.
●The payment on the notes will not be adjusted for all events that could affect the XLE.
●The stocks held by the XLE are concentrated in one sector.
●The stocks of companies in the energy sector are subject to swift price fluctuations.
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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