Investor Solutions

BNS U.S. Dollar Gold Absolute Return Notes, Series 1

ISSUE SUMMARY
Product Type: Principal Protected Note
Fund Code: SSP055
Issuer: The Bank of Nova Scotia
Issue Date: 02/22/2008
Maturity Date: 08/14/2009 – 1.5 yr term
Principal Payment: 100% Principal repayment if held to maturity
Variable Payment:
Underlying Asset::
  • Gold

ISSUE DOCUMENTS
Information Statement: English |
Client Summary / Information Statement: English |
Issue Notices: September 15, 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: 08/22/2008
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 per Note, if any, payable at maturity in U.S. dollars, calculated as follows:


Variable Return = Principal Amount × Gold PM Fix Return

Where: Gold PM Fix Return =

Final Gold PM Fix Price - Initial Gold PM Fix Price
Initial Gold PM Fix Price
 

Gold PM Fix Return = The absolute value of the percentage increase (or decrease) in the Gold PM Fix Price measured from the Issue Date to the Calculation Date provided that, if, on any Business Exchange Date between the Issue Date and the Calculation Date the Gold PM Fix Price falls outside the Gold PM Fix Range, the Gold PM Fix Return will be zero and, as a result, no Variable Return will be paid.

Gold PM Fix Range = All Gold PM Fix Prices between plus 20% and minus 20% of the Initial Gold PM Fix.

Initial Gold PM Fix Price = The Gold PM Fix Price on the Issue Date.


Performance Commentary

Basket Performance
Asset Weight Initial Price
02/22/2008
Current Price
08/23/2019
Price Performance Lock-In Date
Gold 100.00% $943.00 $775.75 -17.74% 09/11/2008



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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