New Issue: Scotiabank prices $2.9 million capped buffered enhanced participation notes on MSCI EAFE

By Angela McDaniels

Tacoma, Wash., May 2 - Bank of Nova Scotia priced $2.9 million of 0% capped buffered enhanced participation notes, series A, due Nov. 7, 2013 linked to the MSCI EAFE index, according to an Suppl filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 250% of the index return, subject to a maximum return of 16.5%. Investors will receive par if the index declines by 13% or less and will lose 1.1494% for every 1% that it declines beyond 13%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered enhanced participation notes
Underlying index:	MSCI EAFE
Amount:	$2,897,000
Maturity:	Nov. 7, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 250% of any index gain, subject to maximum return of 16.5%; par if index declines by 13% or less; 1.1494% loss for every 1% that index declines beyond 13%
Initial index level:	1,516.21
Pricing date:	April 30
Settlement date:	May 7
Underwriter:	Scotia Capital (USA) Inc.
Dealer:	Goldman Sachs & Co.
Fees:	0.25%
Cusip:	064159601

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