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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 Underlying Stock
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 periodic interest payments over the term of the notes and the Step Payment, if any, and may be less than a comparable investment
directly in the Underlying Stock.
·
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 Underlying
Stock, and you will not be entitled to receive any shares of the Underlying Stock or dividends or other distributions by the issuer of
the Underlying Stock.
·
The issuer, MLPF&S, BofAS and their respective
affiliates do not control the Underlying Company and are not responsible for any disclosure made by the Underlying Company. The Underlying
Company will have no obligations relating to the notes.
·
The Redemption Amount will not be adjusted for all
corporate events that could affect the Underlying Stock.
·
There is limited trading history for the Underlying
Stock.
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.
The Bank of Nova Scotia ("BNS") has filed a registration statement (which includes a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the notes that are described in this Guidebook. Before you invest, you should carefully read the prospectus in that registration statement and other documents that BNS has filed with the SEC for more complete information about BNS and any offering described in this Guidebook. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. BNS's Central Index Key, or CIK, on the SEC website is 9631. Alternatively, Merrill Lynch will arrange to send you the prospectus and other documents relating to any offering described in this document if you so request by calling toll-free 1-800-294-1322. BNS faces risks that are specific to its business, and we encourage you to carefully consider these risks before making an investment in its securities. | 
