New Issue: Scotiabank prices $12.03 million buffered digital coupon notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, May 23 - Bank of Nova Scotia priced $12.03 million of 0% series A capped enhanced participation notes due June 9, 2014 with digital coupon linked to the Euro Stoxx 50 index, converted into dollars, according to a 424B5 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of the initial level, the payout at maturity will be par plus the digital coupon of 10.25%.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.

Issuer:	Bank of Nova Scotia
Issue:	Buffered participation notes with digital coupon, series A
Underlying index:	Euro Stoxx 50 index, converted into dollars
Amount:	$12,025,000
Maturity:	June 9, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.25% if index finishes above trigger level; otherwise, 1.1111% loss per 1% drop beyond 10%
Initial level:	3,632.169
Trigger level:	3,268.952, or 90% of initial level
Pricing date:	May 21
Settlement date:	May 29
Underwriter:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. as dealer
Fees:	0.25%
Cusip:	064159486

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