New Issue: Scotiabank prices $2.78 million capped buffered notes linked to S&P Banks index

By Toni Weeks

San Luis Obispo, Calif., Nov. 13 - Bank of Nova Scotia priced $2.78 million of 0% capped buffered notes due Jan. 7, 2016 linked to the S&P Banks Select Industry index, according to a 424B2 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 the index return, subject to a maximum redemption amount of $1,200 per $1,000 principal amount of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

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

Issuer:	Bank of Nova Scotia
Issue:	Capped buffered notes
Underlying index:	S&P Banks Select Industry
Amount:	$2,775,000
Maturity:	Jan. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 20%; par if index falls by up to 10%; 1.1111% loss per 1% drop beyond 10%
Initial index level:	697.7
Buffer level:	627.93, 90% of initial level
Pricing date:	Nov. 11
Settlement date:	Nov. 18
Underwriter:	Scotia Capital (USA) Inc. with Goldman Sachs & Co. as dealer
Fees:	1.75%
Cusip:	064159346

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