fwp
Filed pursuant to Rule 433
Registration No. 333-164300
Issuer Free Writing Prospectus
Term Sheet
Dated March 22, 2011
The Bank of Nova Scotia
US$1,000,000,000 2.900% SENIOR NOTES DUE 2016
 
     
Issuer:
   The Bank of Nova Scotia (the “Bank”)
 
    
Title of Securities:
   2.900% Senior Notes due 2016
 
    
Aggregate Principal Amount Offered:
   US$1,000,000,000
 
    
Maturity Date:
   March 29, 2016
 
    
Price to Public:
   99.834% of the principal amount of the Securities, plus accrued interest from March
 
   29, 2011, if any
 
    
Underwriters’ Fee:
   0.35%
 
    
Net Proceeds to the Bank after Underwriters’
   US$994,840,000
Fee and Before Expenses:
    
 
    
Coupon (Interest Rate):
   2.900%
 
    
Re-offer Yield:
   2.936%
 
    
Spread to Benchmark Treasury:
   T + 90 basis points
 
    
Benchmark Treasury:
   2.125% due February 29, 2016
 
    
Benchmark Treasury Yield:
   2.036% (2.125% due February 29, 2016)
 
    
Interest Payment Dates:
   March 29 and September 29 of each year, beginning on September 29, 2011
 
    
Trade Date:
   March 22, 2011
 
    
Settlement Date:
   March 29, 2011; (T+5)
 
    
CUSIP / ISIN:
   064149D87 / US064149D876

 

 

Underwriters:
         
    Principal Amount of  
    Securities to Be  
Underwriter   Purchased  
Barclays Capital Inc.
   $ 200,000,000  
Merrill Lynch, Pierce, Fenner & Smith
     
Incorporated
     180,000,000  
Scotia Capital (USA) Inc.
     180,000,000  
Citigroup Global Markets Inc.
     150,000,000  
Morgan Stanley & Co. Incorporated
     150,000,000  
Goldman, Sachs & Co.
     50,000,000  
UBS Securities LLC
     50,000,000  
J.P. Morgan Securities LLC
     40,000,000  
 
      
Total
   $ 1,000,000,000  
The Bank has filed a registration statement (File No. 333-164300) (including a base shelf prospectus dated January 11, 2010) and a preliminary prospectus supplement dated March 22, 2011 (including the base shelf prospectus, the “Prospectus”) with the SEC for the offering to which this communication relates. Before you invest, you should read the Prospectus and the documents incorporated therein by reference that the Bank has filed with the SEC for more complete information about the Bank and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov or by visiting the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) website, which may be accessed at www.sedar.com. Alternatively, the Bank or any underwriter participating in the offering will arrange to send you the Prospectus and any document incorporated therein by reference if you request such documents by calling Barclays Capital Inc. at 1-888-603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, Scotia Capital (USA) Inc. at
1-800-372-3930, Citigroup Global Markets Inc. at 1-877-858-5407 or Morgan Stanley & Co. Incorporated at 1-866-718-1649.