New Issue: Scotiabank prices $2.51 million capped buffered notes tied to S&P 500

By Marisa Wong

Madison, Wis., June 3 - Bank of Nova Scotia priced $2.51 million of 0% series A capped buffered participation notes due Dec. 4, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum payment of $1,117 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered participation notes, series A
Underlying index:	S&P 500
Amount:	$2,508,000
Maturity:	Dec. 4, 2014
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 11.7%; par if index falls by 10% or less; 1.1111% loss for every 1% decline beyond 10%
Initial index level:	1,654.41
Buffer level:	1,488.969, 90% of initial level
Pricing dates:	May 30
Settlement date:	June 6
Underwriter:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. as dealer
Fees:	0.25%
Cusip:	064159478

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