By Jennifer Chiou
New York, Aug. 8 - Bank of Nova Scotia priced $12,945,000 of series A buffered participation notes with digital coupon due May 7, 2014 linked to the Russell 2000 index, according to an SUPPL filing with the Securities and Exchange Commission.
If the final index level is at least 85% of the initial level, the payout at maturity will be par plus the digital coupon of 11%.
Investors will lose 1.1765% for each 1% index decline beyond the 15% buffer.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Series A buffered participation notes with digital coupon
|
| Underlying index: | Russell 2000
|
| Amount: | $12,945,000
|
| Maturity: | May 7, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the digital coupon of 11% if final index level is at least 85% of the initial level; par if index declines by up to 15%; 1.1765% loss for each 1% index decline beyond 15%
|
| Initial index: | 788.48
|
| Buffer level: | 670.208, 85% of initial level
|
| Trade date: | Aug. 3
|
| Settlement date: | Aug. 13
|
| Underwriter: | Scotia Capital (USA) Inc. with Goldman Sachs & Co. as dealer
|
| Fees: | 0.25%
|
| Cusip: | 064159775
|
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