BNS EURO STOXX 50 Callable Contingent $6.25 Coupon Notes, Series 18F Principal at Risk Notes Due June 26, 2025

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1 BNS EURO STOXX 50 Callable Cntingent $6.25 Cupn Ntes, Series 18F Principal at Risk Ntes Due June 26, 2025 May 18, 2018 A Bank f Nva Sctia shrt frm base shelf prspectus dated February 13, 2018, a prspectus supplement theret dated February 13, 2018 and pricing supplement N. 817 (the pricing supplement ) theret dated May 18, 2018 (cllectively, the Prspectus ) have been filed with the securities regulatry authrities in each f the prvinces and territries f Canada. A cpy f the Prspectus and any amendments r supplements theret that have been filed are required t be delivered with this dcument. The Prspectus and any amendments r supplements theret cntain imprtant infrmatin relating t the securities described in this dcument. This dcument des nt prvide full disclsure f all material facts relating t the securities ffered and investrs shuld read the Prspectus, and any amendments r supplements theret, fr disclsure f thse facts, especially risk factrs relating t the securities ffered, befre making an investment decisin. A cpy f the shrt frm base shelf prspectus, the prspectus supplement and the pricing supplement can als be btained at Unless the cntext therwise requires, terms nt therwise defined herein will have the meaning ascribed theret in the Prspectus. INVESTMENT HIGHLIGHTS Issuer: The Bank f Nva Sctia Index*: Whether there is a return n the Ntes thrugh the Cupn Payments and whether the is returned at maturity is based n the price perfrmance f the EURO STOXX 50 Index (the Index ), which represents a market capitalizatin-weighted index f 50 stcks frm 11 Eurzne cuntries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxemburg, the Netherlands, Prtugal and Spain. Cupn Payments: Hlders f recrd n the applicable Cupn Payment Recrd Date may be entitled t receive frm the Bank a Cupn Payment, determined as fllws: (i) (ii) If the Clsing Index Level n the relevant Cupn Payment Valuatin Date is greater than the Barrier Level, the Semi- Annual Cupn Payment will be $3.125 per Nte; and If the Clsing Index Level n the relevant Cupn Payment Valuatin Date is less than r equal t the Barrier Level, n Cupn Payment will be made. The aggregate Cupn Payments ver the term f the Ntes will nt exceed $43.75 per Nte. If the Ntes are called, hlders will receive bth the and the Cupn Payment fr the applicable Autcall Valuatin Date. Autcall: The Ntes will be autmatically called (i.e., redeemed) by the Bank if the Clsing Index Level n any Autcall Valuatin Date is greater than r equal t the Autcall Level. The Ntes cannt be autmatically called prir t December 27, If the Clsing Index Level n any Autcall Valuatin Date is nt greater than r equal t the Autcall Level, the Ntes will nt be autmatically called by the Bank. Valuatin Dates: December 19, 2019, June 22, 2020, December 21, 2020, June 22, 2021, December 21, 2021, June 21, 2022, December 20, 2022, June 20, 2023, December 19, 2023, June 20, 2024, December 19, 2024 (each an Autcall Valuatin Date ), and June 20, 2025 (the Final Valuatin Date ). Barrier Prtectin: The Ntes prvide cntingent principal prtectin at maturity if the Final Index Level n the Final Valuatin Date is greater than the Barrier Level (which is 65.00% f the Initial Index Level). If the Final Index Level n the Final Valuatin Date is equal t r less than the Barrier Level, a hlder f the Ntes will be fully expsed t any negative price perfrmance f the Index, meaning that substantially all f such hlder s investment may be lst (subject t a minimum principal repayment f $1.00 per Nte). *The Clsing Index Level reflects nly the price appreciatin r depreciatin f the securities f the issuers cmprising the Index and des nt reflect any dividends, distributins r ther incme r amunts accruing r paid n such securities. The annual dividend yield n the Index as f April 30, 2018 was 3.34%, representing an aggregate dividend yield f apprximately 25.86% annually cmpunded ver the term f the Ntes n the assumptin that the dividends paid n the securities cmprising the Index remain cnstant. Fundserv Available Until Issue Date Maturity Date (if nt called) Minimum Investment SSP1609 June 19, 2018 June 26, 2018 June 26, 2025 $5,000 CONTACT INFORMATION Western Canada Ontari & Eastern Canada Quebec Natinal Tdd Thal: Chris Jansn: Tdd Chalmers: The infrmatin abve must be read in cnjunctin with the Prspectus. Evelyn Kamilitis: Stephanie Kirin: Tll Free:

2 KEY TERMS Issuer: : Issue Date: The Bank f Nva Sctia (the Bank ). $ per Nte. CUSIP: A5. Fundserv Cde: Maturity Date: Autcall: Autcall Level: Minimum Investment: Index: The Ntes will be issued n r abut June 26, 2018, r such ther date as may be agreed between the Bank and Sctia Capital Inc. and Manulife Securities Incrprated. SSP1609. June 26, 2025 (apprximately a 7 year term), subject t the Ntes being autmatically called by the Bank. The Ntes will be autmatically called (i.e., redeemed) by the Bank if the Clsing Index Level n any Autcall Valuatin Date is greater than r equal t the Autcall Level. The Ntes cannt be autmatically called prir t December 27, If the Clsing Index Level n any Autcall Valuatin Date is nt greater than r equal t the Autcall Level, the Ntes will nt be autmatically called by the Bank % f the Initial Index Level. $5,000 (50 Ntes). Initial Valuatin Date: June 26, Valuatin Dates: Amunt: Index Return: Whether there is a return n the Ntes thrugh the Cupn Payments and whether the is returned at maturity is based n the price perfrmance f the EURO STOXX 50 Index (the Index ). The Index represents a market capitalizatinweighted index f 50 stcks frm 11 Eurzne cuntries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxemburg, the Netherlands, Prtugal and Spain. Cnstituents are capped at 10%. The Ntes d nt represent a direct r indirect investment in the Index r its cnstituent securities, and hlders will have n right r entitlement t such securities, including vting rights r the right t receive any dividends, distributins r ther incme r amunts accruing r paid theren. The Index level reflects nly the price appreciatin r depreciatin f the securities f the issuers cmprising the Index and des nt reflect any dividends, distributins r ther incme r amunts accruing r paid n such securities. The annual dividend yield n the Index as f April 30, 2018 was 3.34%, representing an aggregate dividend yield f apprximately 25.86% annually cmpunded ver the apprximately 7 year term f the Ntes n the assumptin that the dividends paid n the securities cmprising the Index remain cnstant. There is n requirement fr the Bank t hld any interest in the Index r its cnstituent securities. December 19, 2019, June 22, 2020, December 21, 2020, June 22, 2021, December 21, 2021, June 21, 2022, December 20, 2022, June 20, 2023, December 19, 2023, June 20, 2024, December 19, 2024 (each an "Autcall Valuatin Date"), and June 20, 2025 (the "Final Valuatin Date"), prvided, in each case, that if such day is nt an Exchange Business Day then the Autcall Valuatin Date r the Final Valuatin Date, as the case may be, will be the immediately preceding Exchange Business Day, subject t Special Circumstances. Hlders f recrd n the applicable Recrd Date will be entitled t an amunt payable n the Ntes if they are autmatically called by the Bank r at maturity (in each case, the Amunt ) as calculated by the Calculatin Agent in accrdance with the applicable frmula belw: If the Clsing Index Level n an Autcall Valuatin Date r the Final Valuatin Date is greater than r equal t the Autcall Level, the Amunt will equal: If the Final Index Level n the Final Valuatin Date is less than the Autcall Level but greater than the Barrier Level, the Maturity Redemptin Amunt will equal: If the Final Index Level n the Final Valuatin Date is equal t r less than the Barrier Level, the Amunt will equal: + ( x Index Return) The Amunt will be substantially less than the invested by an investr if the Final Index Level n the Final Valuatin Date is equal t r less than the Barrier Level. The Amunt will be subject t a minimum principal repayment f $1.00 per Nte. The return n the Ntes will nt reflect the ttal return that an investr wuld receive if such investr wned the securities included in the Index. The Index Return is an amunt expressed as a percentage (which can be zer, psitive r negative) calculated by the Calculatin Agent in accrdance with the fllwing frmula: (Final Index Level Initial Index Level) / Initial Index Level Clsing Index Level: Initial Index Level: Final Index Level: Barrier Level: Currency: Listing and Secndary Market: Eligibility fr Investment: The fficial clsing level r value f the Index n a given day as calculated and annunced by the Index Spnsr n an Exchange Business Day. The Clsing Index Level n the Initial Valuatin Date, prvided that if the Initial Valuatin Date is nt an Exchange Business Day, the Initial Index Level will be determined as f the first succeeding day that is an Exchange Business Day. The Clsing Index Level n an Autcall Valuatin Date r the Final Valuatin Date, as the case may be % f the Initial Index Level. The Ntes are denminated in Canadian dllars. The return n the Ntes in Canadian dllars will be based slely upn the Clsing Index Level n a Cupn Payment Valuatin Date, an Autcall Valuatin Date r the Final Valuatin Date, as the case may be. Accrdingly, the Amunt and any Cupn Payments payable in respect f the Ntes will be unaffected by changes in the exchange rate f the Canadian dllar relative t any ther currency. The Ntes will nt be listed n any exchange r marketplace. Sctia Capital Inc. will use reasnable effrts under nrmal market cnditins t prvide a daily secndary market fr the sale f the Ntes but reserves the right t elect nt t d s at any time in the future, in its sle and abslute discretin, withut prir ntice t hlders. Eligible fr RRSPs, RRIFs, RESPs, RDSPs, DPSPs and TFSAs. 2

3 Fees and Expenses: There is n selling cncessin fee payable t the Investment Dealers in respect f the Ntes. A fee f up t $0.15 per Nte sld (r up t 0.15% f the ) will be payable directly by the Bank t Manulife Securities Incrprated at clsing fr acting as the independent agent. The payment f these fees will nt reduce the amunt n which the Amunt payable n the Ntes is calculated. 3

4 HYPOTHETICAL EXAMPLES The fllwing examples shw hw the Index Return and Amunt wuld be calculated based n certain hypthetical values and assumptins set ut belw. These examples are fr illustrative purpses nly and shuld nt be cnstrued as an estimate r frecast f the perfrmance f the Index r the return that an investr might realize n the Ntes. The Index Return will be calculated based n the price perfrmance f the Index, which will nt reflect the value f any dividends, distributins r ther incme r amunts accruing r paid n the cnstituent securities f the Index. Certain dllar amunts are runded t the nearest whle cent. Values fr hypthetical calculatins: Initial Index Level: 3, Barrier Level: 65.00% f the Initial Index Level = 65.00% x 3, = 2, Autcall Level: % f the Initial Index Level = % x 3, = 3, Example #1 The Ntes are nt autmatically called as the Clsing Index Level n each Autcall Valuatin Date is less than the Autcall Level. The Final Index Level n the Final Valuatin Date is equal t r less than the Barrier Level % Final Index Level % Autcall Level % Initial Index Level 65.00% Barrier Level Amunt = $56.00 Aggregate Cupn Payments = $0.00 Cupn Payment Valuatin Date % f Initial Index Level Cupn Payment Issue Date % 0.5y (nt callable) 55.00% $0.00 1y (nt callable) 46.00% $ y 46.00% $0.00 2y 45.00% $ y 56.00% $0.00 3y 49.00% $ y 52.00% $0.00 4y 52.00% $ y 54.00% $0.00 5y 50.00% $ y 47.00% $0.00 6y 44.00% $ y 46.00% $0.00 7y 56.00% $0.00 Since the Final Index Level (1,793.72) n the Final Valuatin Date is less than the Barrier Level (2,082.00), the Amunt is calculated as fllws: + ( x Index Return) $ ($ x %) = $56.00 per Nte In this example, since the Clsing Index Level is less than the Barrier Level n all Cupn Payment Valuatin Dates, an investr wuld nt receive any Cupn Payments. An investr wuld receive a Amunt f $56.00 per Nte n the Maturity Date, which is equivalent t an annual cmpund rate f return f apprximately -7.95% per Nte. Example #2 The Ntes are nt autmatically called as the Clsing Index Level n each Autcall Valuatin Date is less than the Autcall Level. The Final Index Level n the Final Valuatin Date is less than the Autcall Level, but greater than the Barrier Level % Final Index Level % Autcall Level % Initial Index Level 65.00% Barrier Level Amunt = $ Aggregate Cupn Payments = $ Cupn Payment Valuatin Date % f Initial Index Level Cupn Payment Issue Date % 0.5y (nt callable) % $ y (nt callable) % $ y % $ y % $ y 85.00% $ y 49.00% $ y 56.00% $ y 46.00% $ y 86.00% $ y 84.00% $ y 88.00% $ y 86.00% $ y 84.00% $ y 81.00% $

5 Since the Final Index Level (2,594.49) n the Final Valuatin Date is less than the Autcall Level (3,523.38), but greater than the Barrier Level (2,082.00), the Amunt is calculated as fllws: $ per Nte In this example, since the Clsing Index Level is less than the Barrier Level n the sixth, seventh and eighth Cupn Payment Valuatin Dates, an investr wuld nt receive Cupn Payments fr the related Cupn Payment Dates. An investr wuld receive aggregate Cupn Payments f $ per Nte, and a Amunt f $ per Nte, n the Maturity Date, which is equivalent t an annual cmpund rate f return f apprximately 4.31% per Nte. Example #3 The Ntes are autmatically called n the first Autcall Valuatin Date as the Clsing Index Level n the first Autcall Valuatin Date is greater than r equal t the Autcall Level. The Ntes are autmatically called n the first Autcall Valuatin Date fr $ per Nte. In this example an investr wuld have received three Cupn Payments f $3.125 ($9.375 Ttal) % Final Index Level % Autcall Level % Initial Index Level 65.00% Barrier Level Cupn Payment Valuatin Date % f Initial Index Level Cupn Payment Issue Date % 0.5y (nt callable) % $ y (nt callable) % $ y % $3.125 The Ntes are autmatically called - N future payments in respect f the Ntes Amunt = $ Aggregate Cupn Payments = $9.375 Since the Clsing Index Level (3,875.71) n the first Autcall Valuatin Date is greater than the Autcall Level (3,523.38), the Amunt is calculated as fllws: $ per Nte In this example, since the Clsing Index Level is greater than the Barrier Level n each applicable Cupn Payment Valuatin Date, an investr wuld receive Cupn Payments f $3.125 per Nte n each f the first three Cupn Payment Dates. An investr wuld receive aggregate Cupn Payments f $9.375 per Nte, and a Amunt f $ per Nte, which is equivalent t an annual cmpund rate f return f apprximately 6.16% per Nte. These examples are fr illustrative purpses nly and shuld nt be cnstrued as an estimate r frecast f the perfrmance f the Index r the return that an investr might realize n the Ntes. The Index Return will be calculated based n the price perfrmance f the Index, which will nt reflect the value f any dividends, distributins r ther incme r amunts accruing r paid n the cnstituent securities f the Index. Certain dllar amunts are runded t the nearest whle cent. 5

6 DISCLAIMER N securities regulatry authrity has in any way passed upn the merits f the securities referred t herein and any representatin t the cntrary is an ffence. The Ntes are nt principal prtected (subject t a minimum principal repayment f $1.00 per Nte) and an investr may receive substantially less than the riginal principal amunt at maturity. A persn shuld reach a decisin t invest in the Ntes nly after carefully cnsidering, with his r her investment, legal, accunting, tax and ther advisrs, the suitability f the Ntes in light f his r her investment bjectives and the infrmatin set ut in the Prspectus. The Bank, the Calculatin Agent, Sctia Capital Inc. and Manulife Securities Incrprated make n recmmendatin as t the suitability f the Ntes fr investment by any particular persn. The Ntes have nt been, and will nt be, registered under the United States Securities Act f 1933, as amended (the 1933 Act ), r any State securities laws and, subject t certain exceptins, may nt be ffered fr sale, sld r delivered, directly r indirectly, in the United States, its territries r pssessins r t r fr the accunt r benefit f U.S. persns within the meaning f Regulatin S under the 1933 Act. In additin, the Ntes may nt be ffered r sld t residents f any jurisdictin r cuntry in Eurpe. Sctiabank, Sctiabank Glbal Banking and Markets, Sctia Capital Inc. and the flying S lg are registered trademarks f The Bank f Nva Sctia. Amunts paid t hlders f the Ntes will depend n the price perfrmance f the underlying interests. Unless therwise specified in the Prspectus, the Bank des nt guarantee that any f the principal amunt f the Ntes will be paid (subject t a minimum principal repayment f $1.00 per Nte), r guarantee that any return will be paid n the Ntes, at r prir t maturity. Purchasers culd lse substantially all f their investment in the Ntes (subject t a minimum principal repayment f $1.00 per Nte). The Ntes are nt apprpriate investments fr persns wh d nt understand the risks assciated with structured prducts r derivatives. A purchaser f the Ntes will be expsed t fluctuatins and changes in the levels f the Index t which the Ntes are linked. The Index levels may be vlatile and an investment linked t Index levels may als be vlatile. Purchasers shuld read carefully the Risk Factrs sectins in the Prspectus. The Ntes will nt cnstitute depsits under the Canada Depsit Insurance Crpratin Act r under any ther depsit insurance regime. The Ntes have nt been rated and will nt be insured by the Canada Depsit Insurance Crpratin r any ther entity and therefre the payments t investrs will be dependent upn the financial health and creditwrthiness f the Bank. Sctia Capital Inc. is a whlly wned subsidiary f the Bank. Cnsequently, the Bank is a related and cnnected issuer f Sctia Capital Inc. within the meaning f applicable securities legislatin. See Plan f Distributin in the Prspectus. The infrmatin cntained herein, while btained frm surces believed t be reliable, is nt guaranteed as t its accuracy r cmpleteness. INDEX SPONSOR STOXX Limited, Deutsche Börse Grup and their licensrs, research partners r data prviders have n relatinship t the Bank, ther than the licensing f the Index and the related trademarks fr use in cnnectin with the Ntes. STOXX Limited, Deutsche Börse Grup and their licensrs, research partners r data prviders d nt: spnsr, endrse, sell r prmte the Ntes. recmmend that any persn invest in the Ntes r any ther securities. have any respnsibility r liability fr r make any decisins abut the timing, amunt r pricing f the Ntes. have any respnsibility r liability fr the administratin, management r marketing f the Ntes. cnsider the needs f the Ntes r the wners f the Ntes in determining, cmpsing r calculating the Index r have any bligatin t d s. STOXX Limited, Deutsche Börse Grup and their licensrs, research partners r data prviders give n warranty, and exclude any liability (whether in negligence r therwise), in cnnectin with the Ntes r their perfrmance. STOXX Limited des nt assume any cntractual relatinship with the purchasers f the Ntes r any ther third parties. Specifically, STOXX Limited, Deutsche Börse Grup and their licensrs, research partners r data prviders d nt give any warranty, express r implied, and exclude any liability abut: The results t be btained by the Ntes, the wner f the Ntes r any ther persn in cnnectin with the use f the Index and the data included in the Index; The accuracy, timeliness, and cmpleteness f the Index and its data; The merchantability and the fitness fr a particular purpse r use f the Index and its data; The perfrmance f the Ntes generally. 6

7 STOXX Limited, Deutsche Börse Grup and their licensrs, research partners r data prviders give n warranty and exclude any liability, fr any errrs, missins r interruptins in the Index r its data; Under n circumstances will STOXX Limited, Deutsche Börse Grup r their licensrs, research partners r data prviders be liable (whether in negligence r therwise) fr any lst prfits r indirect, punitive, special r cnsequential damages r lsses, arising as a result f such errrs, missins r interruptins in the Index r its data r generally in relatin t the Ntes, even in circumstances where STOXX Limited, Deutsche Börse Grup r their licensrs, research partners r data prviders are aware that such lss r damage may ccur. The licensing agreement between the Bank and STOXX Limited is slely fr their benefit and nt fr the benefit f the wners f the Ntes r any ther third parties. 7