Investor Solutions

BNS S&P/TSX 60™ Principal at Risk ROC Notes, Series 3

ISSUE SUMMARY
Product Type: Principal at Risk Note
Fund Code: SSP809
Issuer: The Bank of Nova Scotia
Issue Date: 08/27/2012
Maturity Date: 08/27/2015 – 3.0 yr term
Principal Payment: The original principal amount invested is not protected (See Maturity Redemption Amount Calculation for more details)

Semi-Annual Partial Principal Repayments: $2.15 per Note, for total Semi-Annual Partial Principal Repayments of $12.90
Maturity Redemption Amount: The Maturity Redemption Amount is linked to the performance of the S&P/TSX 60™ Index (See Maturity Redemption Amount 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: $100.00
Term Remaining: 0.0 Years
Annualized Return: 0.00%
Adjusted Cost Base if held since Inception: $87.10
Current ETC: Nil
ETC End Date: 08/22/2017
Historical Bid Prices: view

MATURITY REDEMPTION AMOUNT CALCULATION

Investors will be paid the Maturity Redemption Amount on the Maturity Date. The Maturity Redemption Amount is calculated as follows on a per Note basis:

(i)            if the Final Index Level is greater than the Initial Index Level, the Maturity Redemption Amount per Note will be equal to:

Principal Outstanding + [Original Principal Amount x (0.129 + (Participation Rate x Index Price Return))]; or

(ii)           if the Final Index Level is equal to or less than the Initial Index Level but greater than the Barrier Level, the Maturity Redemption Amount per Note will be equal to:

Principal Outstanding + [Original Principal Amount x 0.129]; or

(iii)          if the Final Index Level is less than or equal to Barrier Level, the Maturity Redemption Amount per Note will be equal to:

Principal Outstanding + [Original Principal Amount x (0.129 + Index Price Return)]


Where:

Barrier Level: 60% of the Initial Index Level

Participation Rate: 5%        
      
The Maturity Redemption Amount may be less than the Principal Amount invested by an Investor.

 


Performance Commentary

Index Performance
Index Weight Initial Level
08/27/2012
Current Level
08/23/2019
Index Performance Lock-In Date
S&P/TSX 60 Index 100.00% 688.26 770.29 11.92% 08/25/2015
Overall Return       11.92%  

Semi-Annual Principal Repayments
$2.15 per Note, for total Semi-Annual Partial Principal Repayments of $12.90

Partial Principal Repayment History
Payment Date Annualized Yield Payment Per Note
02/27/2013 4.30% $2.150
08/27/2013 4.30% $2.150
02/27/2014 4.30% $2.150
08/27/2014 4.30% $2.150
02/27/2015 4.30% $2.150
08/27/2015 4.30% $2.150
  TOTAL $12.900



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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