Investor Solutions

BNS S&P/TSX 60™ Principal at Risk Capped Enhanced Participation Notes, Series 1

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP811
Issuer: The Bank of Nova Scotia
Issue Date: 10/10/2012
Maturity Date: 10/10/2014 – 2.0 yr term
Principal Payment: The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)
Variable Return: Variable Return, if any, is linked to the performance of the S&P/TSX 60™ Index (See Variable Return Calculation for more details)
Underlying Index: The S&P/TSX 60 Index is a large-cap index for Canada. It is market cap weighted, with weights adjusted for available share float, and is balanced across 10 economic sectors. Offering exposure to 60 large, liquid Canadian companies, the S&P/TSX 60 Index is the basis for the most highly traded futures contract in Canada. The S&P/TSX 60 Index is the large-cap component of a series of S&P Canadian indices, including the S&P/TSX Composite - the leading benchmark for Canada. The S&P/TSX 60 Index is maintained by the Canadian S&P Index Committee, whose members include representatives from both Standard and Poor's and the Toronto Stock Exchange. Committee oversight gives investors the benefit of Standard and Poor's depth of experience, research and analytic capabilities, combined with the Toronto Stock Exchange’s intimate local industry knowledge. The S&P/TSX 60 Index represents the Canadian component of the S&P Global 1200.
  • S&P/TSX 60 Index

CURRENT ISSUE STATUS
Current Bid Price: $130.00
Term Remaining: 0.0 Years
Annualized Return: 14.02%
Adjusted Cost Base if held since Inception: $100.00
Current ETC: Nil
ETC End Date: 04/08/2013
Indicative Variable Rate of Return at Maturity: $30.00
Historical Bid Prices: view

VARIABLE RETURN CALCULATION

The Notes will not bear any interest nor will they reflect dividends or other distributions declared or paid on the shares, but will have a Variable Return, if any, calculated as follows on a per Note basis:

  1. If the Index Price Return at maturity is positive, then the Maturity Redemption Amount per Note will equal the lesser of:

    (a) the Principal Amount + (Principal Amount x Participation Rate x Index Price Return); or

    (b) the Maximum Redemption Amount; or


  2. if the Index Price Return at maturity is negative or equal to 0.00%, then the Maturity Redemption Amount per Note will be equal to:

    Principal Amount + (Principal Amount x Index Price Return)

Where:

The Index Price Return is the percentage increase or decrease in the Closing Value of the Index from the Issue Date to the Final Valuation Date.

Participation Rate: 300%

Maximum Redemption Amount: $130.00 per Note

No Variable Return will be paid unless the Price Return is greater than zero.



Performance Commentary

Index Performance
Index Weight Initial Level
10/10/2012
Current Level
08/23/2019
Actual Performance Index Performance Lock-In Date
S&P/TSX 60 Index 100.00% 697.08 841.67 20.74% 30.00% 10/08/2014



Note: An investment in principal at risk notes may not be suitable for all investors. Important information about these investments is contained in the Offering Memorandum for the note. Investors should obtain and carefully read a copy of this document 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. None of the Bank, the investment dealers or any of their respective affiliates, or any other person guarantees that investors in the notes will receive an amount equal to their original investment or guarantees that any return will be paid on the notes (subject to a minimum principal repayment of $1.00 per note) at or prior to maturity. Since the notes are not principal protected, it is possible that an investor could lose substantially all of his or her investment in the notes (subject to a minimum principal repayment of $1.00 per note). 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 documentation.

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