| Issuer: |
The Bank of Nova Scotia |
| Issue Date: |
June 29, 2007 |
| Maturity Date: |
June 29, 2015 – 8 yr term |
| Principal Payment: |
100% Principal repayment if held to maturity |
| Variable Payment: |
Linked to the upside performance of the Portfolio
(See Variable Return Calculation for more details) |
| Portfolio: |
Class A Units of the Arrow Multi-Strategy™ fund managed by Arrow Hedge Partners Inc.
The investment objective of the Fund is to generate consistent absolute returns, while limiting the overall volatility of the Fund and minimizing the Fund’s correlation to major equity and bond market indices. The Fund, which is a fund of hedge funds, provides enhanced asset allocation by diversifying across a wide range of proven investment strategies including long/short, merger arbitrage, convertible arbitrage, risk arbitrage, market neutral, high yield bonds, volatility, and global macro.
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