Investor Solutions

BNS Automatic Portfolio Allocation™ Deposit Note, S1

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: SSP100
Issuer: The Bank of Nova Scotia
Issue Date: 10/31/2006
Maturity Date: 10/31/2011 – 5.0 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Payment & Optimizing Structure: Appreciation of Portfolio diversified by index class and geographic exposure at redemption (See Variable Return Calculation for more details)

Each year, on the anniversary date of the issuance of the Notes, the asset with the best simple return measured form the issue date is “locked-in” for the purpose of determining the Variable Return, if any, payable at maturity. Once locked in, that asset is removed from the portfolio and no longer factors into the determination of Variable Return. Asset prices tend to illustrate cyclical movements and the indices are weakly correlated. The BNS Automatic Portfolio Allocation Deposit Notes, Series 1 take advantage of this by locking in the return of the best performing asset every year.

Portfolio: The five Assets comprising the Portfolio are as follows:
  • EURO STOXX 50® Index
  • Hang Seng China Enterprises Index
  • S&P Goldman Sachs Commodity Index (GSCI®) Excess Return
  • S&P/TSX 60 Index
  • Scotia Capital Universe Overall Bond Index (Total Return)

ISSUE DOCUMENTS
Information Statement: English | French
Client Summary / Information Statement: English | French
Issue Notices: Addendum   (English)

CURRENT ISSUE STATUS
Current Bid Price: $120.03
Term Remaining: 0.0 Years
Annualized Return: 20.03%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 10/31/2008
Historical Bid Prices: view

VARIABLE RETURN

The Variable Return calculation is the formula used to determine the Variable Return on the Notes at the Maturity Date. The Variable Return per Note is calculated as follows:

Variable Return = Principal Amount x Average Realized Value

The Average Realized Value will equal the simple average of the Realized Values (which can be positive or negative) for each Calculation Date. The Realized Value, on a particular Calculation Date is the return of the best performing Asset of the Assets remaining in the Portfolio at that Calculation Date, expressed as a percentage of its increase or decrease in value from the Issue Date to the relevant Calculation Date. If a particular Asset has been used to determine the Realized Value for any Calculation Date, than that Asset is removed from the Portfolio and its performance will no longer factor into the calculation of Variable Return for any subsequent Calculation Date.

Basket Performance


Performance Commentary

Index Performance
Index Weight Initial Level
10/31/2006
Current Level
08/23/2019
Index Performance Lock-In Date
EURO STOXX 50® Index 20.00% 4,004.80 2,476.92 -38.15% 10/27/2011
Hang Seng China Enterprises Index 20.00% 7,484.35 20,081.75 168.32% 10/31/2007
S&P Goldman Sachs Commodity Index (GSCI®) Excess Return 20.00% 598.83 438.24 -26.82% 11/01/2010
S&P/TSX 60 Index 20.00% 703.41 646.09 -8.15% 11/02/2009
Scotia Capital Universe Overall Bond Index (Total Return) 20.00% 632.06 663.50 4.97% 10/31/2008
Overall Return       20.03%  



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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