New Issue: Scotiabank prices $13.25 million digital better of participation notes tied to MSCI EAFE

By Angela McDaniels

Tacoma, Wash., July 19 - Bank of Nova Scotia priced $13.25 million of 0% digital better of participation notes due July 21, 2016 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 27.65%. Otherwise, investors will be fully exposed to the index decline.

Scotia Capital (USA) Inc. is the underwriter, and Goldman Sachs & Co. is dealer.

Issuer:	Bank of Nova Scotia
Issue:	Digital better of participation notes
Underlying index:	MSCI EAFE
Amount:	$13,245,000
Maturity:	July 21, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus greater of index return and 27.65%; otherwise, full exposure to index decline
Initial index level:	1,722.93
Pricing date:	July 17
Settlement date:	July 24
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	064159429

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