New Issue: Scotiabank prices $13.14 million enhanced participation notes linked to Taiwan Taiex

By Angela McDaniels

Tacoma, Wash., May 28 - Bank of Nova Scotia priced $13.14 million of 0% enhanced participation notes due Sept. 28, 2016 linked to the Taiwan Taiex index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 315% of the index return. If the final index level is less than the initial level, investors will be fully exposed to the decline.

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

Issuer:	Bank of Nova Scotia
Issue:	Enhanced participation notes
Underlying index:	Taiwan Taiex index
Amount:	$13.14 million
Maturity:	Sept. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial level, par plus 315% of index return; if final index level is less than initial level, full exposure to decline
Initial index level:	9,008.22
Pricing date:	May 23
Settlement date:	June 2
Underwriter:	Scotia Capital (USA) Inc.
Distribution agent:	Goldman Sachs & Co.
Fees:	2.125%
Cusip:	064159213

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