By Susanna Moon
Chicago, June 4 - Bank of Nova Scotia priced $1.25 million of 0% series A capped buffered enhanced participation notes due June 4, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum payment of $1,202.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.
Scotia Capital (USA) Inc. is the underwriter with Goldman Sachs & Co. as dealer.
| Issuer: | Bank of Nova Scotia
|
| Issue: | Capped buffered enhanced participation notes, series A
|
| Underlying index: | Russell 2000
|
| Amount: | $1.25 million
|
| Maturity: | June 4, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 20.25%; par if index falls by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 984.14
|
| Buffer level: | 885.726, 90% of initial level
|
| Pricing dates: | May 31
|
| Settlement date: | June 5
|
| Underwriter: | Scotia Capital (USA) Inc. with Goldman Sachs & Co. as dealer
|
| Fees: | 0.25%
|
| Cusip: | 064159CF1
|
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