BNS Blue Chip Guaranteed Top-Up Yield Seeker Deposit Notes, Series 6
Annual Coupon Amounts
Annual Coupon Amounts per Note, if any, will be payable in Canadian dollars on the Annual Coupon Payment Date, in an amount, rounded to the nearest cent, equal to the result obtained using the following formula:
Annual Coupon Amount = $100.00 × Coupon Rate |
The Coupon Rate will be determined annually on the relevant Valuation Date. Generally stated, the Coupon Rate for each year until maturity will be a percentage amount equal to the simple average of the 15 Share Returns (one for each Share, each of which may be positive or negative). The Share Return is the percentage increase or decrease in the Closing Price of the relevant Share, measured from the Issue Date to the relevant Valuation Date, subject to the following:
- if the Share Return in respect of a Share is greater than zero, then the Share Return for such Share will be deemed to be 5.00% (regardless of whether the actual Share Return is more than 5.00%); and
- if the Share Return in respect of a Share is zero or negative, then the Share Return for such Share will be the actual negative share Return, limited to -10%.
If the average of the Share Returns for the first and second Valuation Dates is below 2.00%, then the Coupon Rate will be 2.00% (the "Minimum Annual Coupon Rate"). There will be no Minimum Annual Coupon Rate for the last three Annual Coupon Payment Dates such that if the average of the Share Returns is zero or negative on a relevant Valuation Date, the Coupon Rate will be zero and no Annual Coupon Amount will be payable. Minimum Amount Payable over the Term of the Notes is $4.00.
The Maximum amount that may be payable over the term of the Notes is $25.00 per Note (i.e. $5.00 in each year). Any Annual Coupon Amounts payable in respect of the Notes will not reflect any dividends declared on the Shares.
Basket Performance
| Basket Assets |
Weight |
Initial Price
01/09/2012 |
Current Price
05/17/2012 |
Price Performance |
| Agnico-Eagle Mines Ltd |
6.67% |
$36.10 |
$36.61
|
1.41% |
| Bombardier Inc. |
6.67% |
$4.74 |
$3.76
|
-20.68% |
| Canadian Oil Sands Ltd. |
6.67% |
$24.39 |
$20.54
|
-15.79% |
| Emera Inc. |
6.67% |
$32.90 |
$33.05
|
0.46% |
| Fortis Inc. |
6.67% |
$33.95 |
$33.23
|
-2.12% |
| IAMGOLD Corp. |
6.67% |
$17.16 |
$9.92
|
-42.19% |
| Penn West Petroleum Ltd. |
6.67% |
$22.11 |
$14.04
|
-36.50% |
| Royal Bank of Canada |
6.67% |
$55.33 |
$51.96
|
-6.09% |
| Shaw Communications Inc. |
6.67% |
$19.61 |
$19.14
|
-2.40% |
| Shoppers Drug Mart Corporation |
6.67% |
$40.36 |
$40.88
|
1.29% |
| Sun Life Financial Inc. |
6.67% |
$21.01 |
$21.33
|
1.52% |
| Suncor Energy Inc. |
6.67% |
$34.90 |
$27.54
|
-21.09% |
| Thomson Reuters Corporation |
6.67% |
$27.19 |
$28.65
|
5.37% |
| Toronto-Dominion Bank |
6.67% |
$78.83 |
$77.65
|
-1.50% |
| Valeant Pharmaceuticals International Ltd |
6.67% |
$50.25 |
$49.22
|
-2.05% |
| Overall Return |
|
|
|
-9.36% |
| Indicative Variable Return * |
|
|
|
$0.00 |
*This value assumes all current prices remain unchanged
|
| |
| |
Note: An investment in principal protected notes may not be suitable for all investors. Important information about these investments is contained in the Information Statement of each note. Investors should obtain and carefully read a copy prior to investing, paying particular attention to the associated risks. Past performance is not indicative of future returns. Commissions, trailing commissions, management fees and expenses all may be associated with these investments. Principal is guaranteed at maturity only for products purchased at their issue price and held to maturity. The investment return on the notes, if any, is uncertain in that an investor may not receive more than return of the principal amount at maturity. A person should reach a decision to invest in the notes only after carefully considering with his or her advisor, the suitability of this investment in light of his or her investment objectives and the information set out in the respective Information Statement.
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