Series: | 24 | Alternate symbology: | BNS-S.CA, BNS-PS.CA, BNSprS.CA | Redeemable?: | Yes | Call Date: | 1/26/2014 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Conversion Ratio: | The holders of Preferred Shares Series 24 will have the right, at their option, to convert their shares into Non-cumulative Floating Rate Preferred Shares Series 25 of the Bank (the “Preferred Shares Series 25”), subject to certain conditions, on January 26, 2014 and on January 26 every five years thereafter. The holders of Preferred Shares Series 25 will be entitled to receive floating rate non-cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the third last business day of January, April, July and October in each year (the initial quarterly dividend period and each subsequent quarterly dividend period is referred to as a “Quarterly Floating Rate Period”), in the amount per share determined by multiplying the applicable Floating Quarterly Dividend Rate (as defined herein) by $25.00. The Floating Quarterly Dividend Rate will be equal to the sum of the T-Bill Rate (as defined herein) plus 3.84% (calculated on the basis of the actual number of days elapsed in the applicable Quarterly Floating Rate Period divided by 365) determined on the 30th day prior to the first day of the applicable Quarterly Floating Rate Period. | Shares Offered: | 10000000 | Liquidation Preference: | $25 | Original Coupon: | 6.25% for the initial fixed rate period, then for each five-year period after the Initial Fixed Rate Period, the holders of Preferred Shares Series 24 will be entitled to receive fixed non-cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the third last business day of January, April, July and October in each year, in the amount per share per annum determined by multiplying the Annual Fixed Dividend Rate (as defined herein) applicable to such Subsequent Fixed Rate Period by 5.00. The Annual Fixed Dividend Rate for the ensuing Subsequent fixed Rate Period will be determined by the Bank on the 30th day prior to the first day of such Subsequent Fixed Rate Period and will be equal to the sum of the Government of Canada Yield (as defined herein) on the date on which the Annual Fixed Dividend Rate is determined plus 3.84%. | Pay Period: | Quarterly | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | CDx3 Compliance Rating: |
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