Scotiabank plans contingent interest barrier autocallables on Russell

By Toni Weeks

San Diego, Jan. 11 - Bank of Nova Scotia plans to price autocallable contingent interest barrier notes due Jan. 19, 2016 linked to the Russell 2000 index, according to a 424B5 filing with the Securities and Exchange Commission.

If the index closes at or above the 75% barrier level on a semiannual interest payment date beginning Jan. 18, 2014, the notes will pay a contingent payment of 11.5% to 13.5% per year. Otherwise no interest will be paid for that interest period. The exact coupon will be determined at pricing.

If the index closes at or above the initial level on any semiannual valuation date beginning in January 2014, the notes will automatically be called at par plus the contingent interest payment.

If the index finishes at or above the barrier level, the payout at maturity will be par plus the contingent interest payment.

Otherwise, investors will share in any losses.

Scotia Capital (USA) Inc. is the underwriter.

The notes will price on Jan. 15 and settle on Jan. 18.

The Cusip number is 064159BJ4.

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