Investor Solutions

BNS Dundee AdPlus Focused Income & Growth Deposit Note (Yield), S1

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: SSP101
Issuer: The Bank of Nova Scotia
Issue Date: 12/20/2006
Maturity Date: 12/20/2012 – 6.0 yr term
Principal Payment: 100% Principal repayment if held to maturity
Quarterly Coupon & Variable Payment:

100% of normal cash dividends and distributions paid quarterly

Appreciation of Equity Account at redemption (See Variable Return Calculation for more details)

Portfolio: The Equity Account will hold shares and income fund units (each an Equity) of 15 companies (each a “Company” and collectively, the “Companies”) as follows:
  • ARC Resources Ltd.
  • Bank of Montreal
  • CI Financial Income Fund
  • Canadian Imperial Bank of Commerce
  • Canadian Oil Sands Ltd.
  • Enbridge Inc.
  • Great-West Lifeco Inc.
  • IGM Financial Inc.
  • Manitoba Telecom Services Inc.
  • Precision Drilling Trust
  • RioCan Real Estate Investment Trust
  • TC Energy Corporation
  • Toronto-Dominion Bank
  • TransAlta Corp
  • Yellow Media Inc. (YLO)

ISSUE DOCUMENTS
Information Statement: English | French
Client Summary / Information Statement: English |
Issue Notices: 17 septembre 2008   (French)
January 3, 2013   (English)
November 2, 2010   (English)
September 17, 2008   (English)

CURRENT ISSUE STATUS
Current Bid Price: $100.00
Term Remaining: 0.0 Years
Annualized Return: 0.00%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 12/20/2009
Indicative Variable Rate of Return at Maturity: $0.00
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, if any, on a Note is linked to the performance of the Portfolio and is calculated as follows:

Variable Return = Principal Amount ($100) * Portfolio Performance

Where: Portfolio Performance = NAVFINAL - 100  
  100  

‘‘NAVFINAL’’ means, at any time (expressed pro rata per Note): (i) the notional proceeds from the liquidation of the Fund Account; plus (ii) the maturity value of the Bond Account as calculated by the Calculation Agent; minus (iii) repayment of the Loan and any accrued and unpaid Loan interest and Program Fees. Portfolio Performance will be the amount, if any, determined on the Maturity Date and expressed as a percentage of the Principal Amount, by which the pro rata value of the Portfolio per Note exceeds the Principal Amount, being $100. An Investor cannot elect to receive the Variable Return, if any, prior to the Maturity Date and the Notes cannot be redeemed or retracted prior to the Maturity Date. There is a possibility that an Investor may not receive any Variable Return.


Performance Commentary

Portfolio Performance
Portfolio Asset Weight Initial Price
12/20/2006
Current Price
08/23/2019
Asset Return Lock-In Date
ARC Resources Ltd. 6.67% $23.17 $23.50 1.42% 09/16/2008
Bank of Montreal 6.67% $68.60 $48.34 -29.53% 09/16/2008
CI Financial Income Fund 6.67% $26.05 $20.42 -21.61% 09/16/2008
Canadian Imperial Bank of Commerce 6.67% $98.98 $61.11 -38.26% 09/16/2008
Canadian Oil Sands Ltd. 6.67% $32.10 $40.25 25.39% 09/16/2008
Enbridge Inc. 6.67% $39.82 $40.53 1.78% 09/16/2008
Great-West Lifeco Inc. 6.67% $33.30 $31.71 -4.77% 09/16/2008
IGM Financial Inc. 6.67% $49.30 $44.41 -9.92% 09/16/2008
Manitoba Telecom Services Inc. 6.67% $45.84 $41.10 -10.34% 09/16/2008
Precision Drilling Trust 6.67% $28.30 $18.02 -36.33% 09/16/2008
RioCan Real Estate Investment Trust 6.67% $25.30 $21.20 -16.21% 09/16/2008
TC Energy Corporation 6.67% $40.44 $37.80 -6.53% 09/16/2008
Toronto-Dominion Bank 6.67% $67.95 $61.30 -9.79% 09/16/2008
TransAlta Corp 6.67% $26.49 $33.48 26.39% 09/16/2008
Yellow Media Inc. (YLO) 6.67% $12.89 $9.63 -25.29% 09/16/2008

Quarterly Coupon Payment History
Quarterly Coupons per Note will be payable in Canadian dollars in an amount, if any, equal to the aggregate Distributions (on a per Note basis) paid on the Shares notionally held in the Equity Account as of the relevant record date(s) in the relevant quarterly period. Upon payment of any Quarterly Coupon on the Notes, the aggregate amount of such payment will be deducted from the Distribution account. The Distribution Account will, from time to time, hold the aggregate amount of the Distributions credited thereto from and including the last occurring Quarterly Coupon Payment Date (or the Issue Date where the first Quarterly Coupon has not yet become payable). Program Fees and Loan interest will not be deducted from the Distribution Account. There can be no assurance that any Distribution will be paid on the Shares during the term of the Notes and, accordingly, there can be no assurance that any Quarterly Coupons will be paid on the Notes.

Coupon Payment History
Payment Date Annualized Yield Payment Per Note
03/20/2007 4.60% $1.150
06/20/2007 4.08% $1.020
09/20/2007 4.92% $1.230
12/20/2007 2.72% $0.680
03/20/2008 2.03% $0.510
06/20/2008 1.36% $0.340
09/20/2008 1.07% $0.270
  TOTAL $5.200

Equity Account Exposure
Equtiy exposure was 104% on the Issue date (December 15, 2006) and has changed as noted below:

Equity Account Exposure
Date Equity Exposure
03/20/2007 74.00%
06/20/2007 96.00%
09/20/2007 66.00%
12/20/2007 55.00%
03/20/2008 29.00%
06/20/2008 35.00%
09/20/2008 0.00%



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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