Investor Solutions

Dundee AdvantagePlus™ Boosted Commodity Deposit Notes, Series 1

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: DUN210
Issuer: The Bank of Nova Scotia
Issue Date: 07/05/2007
Maturity Date: 05/16/2012 – 4.9 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Payment: Variable Return, if any, linked to the price performance of the Basket (See Variable Return Calculation for more details)
Portfolio: The Basket is comprised of the following 5 assets (equally weighted at inception):
  • Aluminum
  • Copper
  • Crude Oil
  • Nickel
  • Zinc

ISSUE DOCUMENTS
Information Statement: 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: 07/05/2009
Indicative Variable Rate of Return at Maturity: $0.00
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. The Variable Return, if any, on each Deposit Note at Maturity will be calculated as follows:

(i) If the Reference Commodity Basket Performance is greater than or equal to 0.00% and less than or equal to 60.00% on the Valuation Date, then the Variable Return will be equal to $60.00;
(ii) If the Reference Commodity Basket Performance is greater than 60.00% on the Valuation Date, then the Variable Return will be equal to the Principal Amount multiplied by the Reference Commodity Basket performance; and
(iii) If the Reference Commodity Basket Performance is less than 0.00% on the Valuation Date, then the Variable Return will be equal to zero.

The Reference Commodity Basket Performance will equal the sum of the Weighted Commodity Changes of each Reference Commodity in the Reference Commodity Basket rounded to two decimal places. If the sum of the Weighted Commodity Changes is less than zero, then the Reference Commodity Basket Performance will be deemed to be zero.

For each Reference Commodity in the Reference Commodity Basket, the Weighted Commodity Change is the percentage equal to:

Reference Commodity Weight x (Settlement Price Base Price)/Base Price

Where:    
     
Settlement Price  =  The Settlement Price for each Reference Commodity is, subject to delay or acceleration due to Extraordinary Events, the U.S. dollar price of the Reference Commodity at a specified time on the Valuation Date.
Base Price  =  The Base Price for each Reference Commodity is, subject to delay due to Extraordinary Events, the U.S. dollar price of the Reference Commodity at a specified time on the Pricing Date.

Performance Commentary

Basket Performance
Asset Weight Initial Price
07/05/2007
Current Price
01/19/2016
Price Performance Lock-In Date
Aluminum 25.00% $2,728.00 $1,992.00 -26.98% 05/11/2012
Copper 30.00% $7,895.00 $8,080.00 2.34% 05/11/2012
Crude Oil 10.00% $71.81 $96.13 33.87% 05/11/2010
Nickel 25.00% $36,200.00 $17,025.00 -52.97% 05/11/2012
Zinc 10.00% $3,435.50 $1,935.50 -43.66% 05/11/2012



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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