Investor Solutions

BNS Commodity Linked Deposit Note, S2

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: 064149TR8
Issuer: The Bank of Nova Scotia
Issue Date: 03/21/2006
Maturity Date: 09/23/2011 – 5.5 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Payment:: Variable Return, if any, linked to the price performance of a Commodity Basket (See Variable Return Calculation for more details)
Commodity Basket:: The Basket is comrpised of the following 5 commodities (equally weighted at inception):
  • Aluminum
  • Copper
  • Crude Oil
  • Gold
  • Natural Gas

ISSUE DOCUMENTS
Information Statement: English |
Issue Notices: Addendum   (English)

CURRENT ISSUE STATUS
Current Bid Price: $181.30
Term Remaining: 0.0 Years
Annualized Return: 81.30%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 03/21/2008
Indicative Variable Rate of Return at Maturity: $81.29
Historical Bid Prices: view

VARIABLE RETURN

The Notes will not bear any interest during the term of the Notes, but will have a Variable Return, if any, per Note at maturity calculated as follows:

Variable Return = Principal Amount Price Return 150% Participation Rate

The Price Return will equal the average of the Commodity Returns (which can be positive or negative) of the Commodities in the Basket. No Variable Return will be paid unless the Price Return is greater than zero.

The Commodity Return of any particular Commodity in the Basket is the percentage increase or decrease in the Reference Price of that Commodity, measured from the Issue Date to the second Business Exchange Day prior to the Maturity Date.

Basket Performance


Performance Commentary

Basket Performance
Asset Weight Initial Price
03/21/2006
Current Price
01/19/2016
Price Performance Lock-In Date
Aluminum 20.00% $2,491.00 $2,266.50 -9.01% 09/21/2011
Copper 20.00% $5,258.00 $8,221.00 56.35% 09/21/2011
Crude Oil 20.00% $60.57 $85.92 41.85% 09/21/2011
Gold 20.00% $547.50 $1,793.00 227.49% 09/21/2011
Natural Gas 20.00% $6.87 $3.73 -45.71% 09/21/2011



Note: An investment in principal protected notes may not be suitable for all investors. Important information about these investments is contained in the Information Statement of each note. Investors should obtain and carefully read a copy prior to investing, paying particular attention to the associated risks. Past performance is not indicative of future returns. Commissions, trailing commissions, management fees and expenses all may be associated with these investments. Principal is guaranteed at maturity only for products purchased at their issue price and held to maturity. The investment return on the notes, if any, is uncertain in that an investor may not receive more than return of the principal amount at maturity. A person should reach a decision to invest in the notes only after carefully considering with his or her advisor, the suitability of this investment in light of his or her investment objectives and the information set out in the respective Information Statement.

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