Obligation ScotiaBank 3.25% ( US064159EG78 ) en USD

ScotiaBank

100 % ▲

Canada

US064159EG78 ( en USD )

3.25% par an ( paiement semestriel )

29/04/2024 - Obligation échue

Prospectus brochure de l'obligation Bank of Nova Scotia US064159EG78 en USD 3.25%, échue

1 000 USD

064159EG7

N/A

La Banque de Nouvelle-Écosse (Scotiabank) est une banque multinationale canadienne offrant une vaste gamme de services financiers personnels et commerciaux à travers les Amériques, en Europe et en Asie-Pacifique.

L'Obligation émise par ScotiaBank ( Canada ) , en USD, avec le code ISIN US064159EG78, paye un coupon de 3.25% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 29/04/2024

http://www.sec.gov/Archives/edgar/data/9631/000089109214003378/e5...
424B2 1 e58636_424b2.htm PRICING SUPPLEMENT

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-185049

Pricing Supplement dated April 24, 2014 to the
Prospectus dated August 1, 2013
Prospectus Supplement dated August 8, 2013 and Product Prospectus Supplement (Rate Linked Notes, Series A) dated August 8, 2013

The Bank of Nova Scotia
$1,500,000
Callable Step-Up Rate Notes, Series A
Due April 29, 2024
· 100% repayment of principal at maturity, subject to the credit risk of the
· Semi-annual interest payments

Bank

· Cal able by the Bank semi-annual y on any Cal Payment Date on or
· Interest Rate that increases over the 10-year stated term of the Notes

after the fifth anniversary of issuance

The Cal able Step-Up Rate Notes, Series A due April 29, 2024 (the "Notes") offered hereunder are unsecured obligations of The Bank of Nova Scotia and are
subject to investment risks including possible loss of the Principal Amount invested due to the credit risk of The Bank of Nova Scotia. As used in this pricing
supplement, the "Bank," "we," "us" or "our" refers to The Bank of Nova Scotia.
The Notes wil not be listed on any securities exchange or automated quotation system.
NEITHER THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION ("SEC") NOR ANY STATE SECURITIES COMMISSION HAS
APPROVED OR DISAPPROVED OF THE NOTES OR PASSED UPON THE ACCURACY OR THE ADEQUACY OF THIS DOCUMENT, THE
ACCOMPANYING PROSPECTUS, PROSPECTUS SUPPLEMENT OR PRODUCT PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE. THE NOTES ARE NOT INSURED BY THE CANADA DEPOSIT INSURANCE CORPORATION PURSUANT TO
THE CANADA DEPOSIT INSURANCE CORPORATION ACT, THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION, OR ANY
OTHER GOVERNMENTAL AGENCY OF CANADA, THE UNITED STATES OR ANY OTHER JURISDICTION.
Scotia Capital (USA) Inc., our affiliate, wil purchase the Notes from us for distribution to other registered broker-dealers or wil offer the Notes directly to investors.
Scotia Capital (USA) Inc. or any of its affiliates or agents may use this final pricing supplement in market-making transactions in the Notes after their initial
sale. Unless we, Scotia Capital (USA) Inc. or another of its affiliates or agents sel ing such Notes to you informs you otherwise in the confirmation of sale, this final
pricing supplement is being used in a market-making transaction. See "Supplemental Plan of Distribution (Conflicts of Interest)" in this pricing supplement and
"Supplemental Plan of Distribution" on page PS-32 of the accompanying product prospectus supplement.
Investment in the Notes involves certain risks. You should refer to "Additional Risk Factors" in this pricing supplement and "Additional Risk
Factors Specific to the Notes" beginning on page PS-5 of the accompanying product prospectus supplement and "Risk Factors" beginning on
page S-2 of the accompanying prospectus supplement.

Per Note

Total
Price to public1
100.00% $1,500,000.00
Underwriting commissions2
1.85% $27,750.00
Proceeds to Bank of Nova Scotia3
98.15%
$1,472,250.00
The difference between the estimated value of your Notes and the original issue price reflects costs that the Bank or its affiliates expect to incur and profits that the
Bank or its affiliates expect to realize in connection with hedging activities related to the Notes. These costs and profits wil likely reduce the secondary market
price, if any secondary market develops, for the Notes. As a result, you may experience an immediate and substantial decline in the market value of your Notes on
the Trade Date and you may lose al or a substantial portion of your initial investment. The Bank's profit in relation to the Notes wil vary based on the difference
between (i) the amounts received by the Bank in connection with the issuance and the reinvestment return received by the Bank in connection with those funds
and (ii) the costs incurred by the Bank in connection with the issuance of the Notes and the hedging transactions. The Bank will also realize a profit that wil be
based on the (i) cost of creating and maintaining the hedging transactions minus (ii) the payments received on the hedging transactions.
We wil deliver the Notes in book-entry form through the facilities of The Depository Trust Company ("DTC") on or about April 29, 2014 against payment in
immediately available funds.
Scotia Capital (USA) Inc.
1 Certain accounts may pay a purchase price of at least $981.50 (98.15%) per $1,000 Principal Amount of the Notes and third party distributors involved in
such transactions may charge a discretionary fee with respect to such sales.
2 Scotia Capital (USA) Inc. or one of our affiliates wil purchase the Notes at the Principal Amount and as part of the distribution of the Notes wil pay varying
discounts and underwriting commissions of up to $18.50 (1.85%) per $1,000 Principal Amount of the Notes in connection with the distribution of the Notes.
Scotia Capital (USA) Inc. wil separately receive a structuring and development fee of up to $0.50 (0.05%) per $1,000 Principal Amount of the Notes. See
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"Supplemental Plan of Distribution (Conflicts of Interest)" in this pricing supplement.
3 Excludes potential profits from hedging. For additional considerations relating to hedging activities see "Additional Risk Factors - The Inclusion of Dealer
Spread and Projected Profit from Hedging in the Original Issue Price is Likely to Adversely Affect Secondary Market Prices" in this pricing supplement.

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Summary
The information in this "Summary" section is qualified by the more detailed information set forth in this pricing supplement, the
prospectus, the prospectus supplement and the product prospectus supplement, each filed with the SEC. See "Additional
Terms of Your Notes" in this pricing supplement.
Issuer:
The Bank of Nova Scotia (the "Issuer" or the "Bank")
Type of Note
Cal able Step-Up Rate Notes, Series A
CUSIP/ISIN:
CUSIP 064159EG7 / ISIN US 064159EG78
Minimum
$1,000
Investment:
Denominations:
$1,000 and integral multiples of $1,000 in excess thereof.
Principal Amount:
$1,000 per Note
Currency:
U.S. Dol ars
Trade Date:
April 24, 2014
Pricing Date:
April 24, 2014
Original Issue Date: April 29, 2014.
Maturity Date:
April 29, 2024, subject to adjustment as described in more detail in the accompanying product
prospectus supplement.
Business Day:
Any day which is neither a legal holiday nor a day on which banking institutions are authorized or
obligated by law, regulation or executive order to close in New York and Toronto.
Interest Payment:
With respect to each Interest Payment Date, for each $1,000 Principal Amount of Notes, the Interest
Payment will be calculated as $1,000 × 1/2 × Interest Rate.

Each Interest Payment is paid semi-annual y and is calculated on a 30/360 unadjusted basis;
(i)"30/360" means that Interest Payment is calculated on the basis of twelve 30-day months and (i )
"unadjusted" means that if a scheduled Interest Payment Date is not a Business Day, the Interest
Payment period will not be adjusted, the Interest Payment will be paid on the first following day that is
a Business Day with ful force and effect as if made on such scheduled Interest Payment Date, and
no interest on such postponed payment wil accrue during the period from and after the scheduled
Interest Payment Date. As a result, each Interest Payment period will consist of 180 days (six 30-day
months) and Interest Payments wil accrue based on 180 days of a 360-day year. See "Payment at
Maturity" and "Interest" on page P-5 of this pricing supplement.
Interest Rate:
Period ending on and
Period beginning on
Annual Interest Rate
excluding
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April 29, 2014
April 29, 2017
3.00% per annum

April 29, 2017
April 29, 2020
3.25% per annum

April 29, 2020
April 29, 2022
3.50% per annum

April 29, 2022
April 29, 2024
4.00% per annum
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Interest Payment
The 29th calendar day of each April and October and commencing on October 29, 2014 and ending
Dates:
on the Maturity Date.
If these days are not Business Days, Interest Payments will actually be paid on the dates determined
as described below.
Day Count
30/360, unadjusted, Fol owing Business Day Convention.
Fraction:
First Call Date:
April 29, 2019
Call Provision:
The Notes are redeemable at our option, in whole, but not in part, on each stated Cal Payment Date,
from and including the First Cal Date, upon notice by us to DTC on or before the corresponding Cal
Notice Date, at an amount that wil equal the Principal Amount of your Notes plus the Interest
Payment applicable to such Interest Payment Date. If the Notes are cal ed prior to the Maturity Date,
you wil be entitled to receive only the Principal Amount of the Notes and any accrued and unpaid
Interest Payment in respect of Interest Payment Dates occurring on or before the Cal Payment
Date. In this case, you wil lose the opportunity to continue to be paid Interest Payments in respect of
Interest Payment Dates ending after the Cal Payment Date.
Call Notice Date:
10 Business Days prior to the corresponding Cal Payment Date.
Call Payment Date:
The 29th calendar day of each April and October, commencing on the First Cal Date, if any, for which
we have given a cal notice for the Notes, on or before the corresponding Cal Notice Date.
If these days are not Business Days, Cal Payments wil be determined according to the Following
Business Day Convention.
Survivor's Option:
Applicable
See "General Terms of the Notes" in the accompanying product prospectus supplement.
Form of Notes:
Book-entry
Calculation Agent:
Scotia Capital Inc., an affiliate of the Bank
Status:
The Notes wil constitute direct, unsubordinated and unsecured obligations of the Bank ranking pari
passu with all other direct, unsecured and unsubordinated indebtedness of the Bank from time to time
outstanding (except as otherwise prescribed by law). Holders wil not have the benefit of any
insurance under the provisions of the Canada Deposit Insurance Corporation Act, the U.S. Federal
Deposit Insurance Act or under any other deposit insurance regime of any jurisdiction.
Tax Redemption:
The Bank (or its successor) may redeem the Notes, in whole but not in part, at a redemption price
equal to the Principal Amount thereof together with accrued and unpaid interest to the date fixed for
redemption, if it is determined that changes in tax laws or their interpretation will result in the Bank (or
its successor) becoming obligated to pay, on the next Interest Payment Date, additional amounts with
respect to the Notes. See "Tax Redemption" in this pricing supplement.
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Listing:
The Notes wil not be listed on any securities exchange or quotation system.
Use of Proceeds:
General corporate purposes
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Clearance and
Depository Trust Company
Settlement:
Terms
All of the terms appearing under the caption "General Terms of the Notes" beginning on page PS-10
Incorporated:
in the accompanying product prospectus supplement, as modified by this pricing supplement.

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ADDITIONAL TERMS OF YOUR NOTES
You should read this pricing supplement together with the prospectus dated August 1, 2013, as supplemented by the
prospectus supplement dated August 8, 2013 and the product prospectus supplement (Rate Linked Notes, Series A) dated
August 8, 2013, relating to our Senior Note Program, Series A, of which these Notes are a part. Capitalized terms used but
not defined in this pricing supplement wil have the meanings given to them in the product prospectus supplement. In the event
of any conflict, this pricing supplement will control. The Notes may vary from the terms described in the accompanying
prospectus, prospectus supplement, and product prospectus supplement in several important ways. You should
read this pricing supplement, including the documents incorporated herein, carefully.
This pricing supplement, together with the documents listed below, contains the terms of the Notes and supersedes al prior or
contemporaneous oral statements as wel as any other written materials including preliminary or indicative pricing terms,
correspondence, trade ideas, structures for implementation, sample structures, brochures or other educational materials of
ours. You should careful y consider, among other things, the matters set forth in "Additional Risk Factors Specific to the Notes"
in the accompanying product prospectus supplement, as the Notes involve risks not associated with conventional debt
securities. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the Notes.
You may access these documents on the SEC website at www.sec.gov as fol ows (or if that address has changed, by
reviewing our filings for the relevant date on the SEC website at http://www.sec.gov/cgi-bin/browse-
edgar?action=getcompany&CIK=0000009631):
Prospectus dated August 1, 2013:
http://www.sec.gov/Archives/edgar/data/9631/000089109213006699/e54840_424b3.htm
Prospectus Supplement dated August 8, 2013:
http://www.sec.gov/Archives/edgar/data/9631/000089109213006938/e54968_424b3.htm
Product Prospectus Supplement (Rate Linked Notes, Series A), dated August 8, 2013:
http://www.sec.gov/Archives/edgar/data/9631/000089109213006942/e54970_424b5.htm
The Bank of Nova Scotia has filed a registration statement (including a prospectus, a prospectus supplement, and a
product prospectus supplement) with the SEC for the offering to which this pricing supplement relates. Before you
invest, you should read those documents and the other documents relating to this offering that we have filed with
the SEC for more complete information about us and this offering. You may obtain these documents without cost by
visiting EDGAR on the SEC Website at www.sec.gov, or accessing the links above. Alternatively, The Bank of Nova
Scotia, any agent or any dealer participating in this offering will arrange to send you the prospectus, the prospectus
supplement and the product prospectus supplement if you so request by calling 1-416-866-3672.
PAYMENT AT MATURITY
If the Notes have not been called by us, as described elsewhere in this pricing supplement, we wil pay you the Principal
Amount of your Notes on the Maturity Date, plus the final interest payment.
In the event that the stated Maturity Date is not a Business Day, then relevant repayment of principal wil be made on the next
Business Day ("Fol owing Business Day Convention").
INTEREST
We describe payments as being based on a "day count fraction" of "30/360, unadjusted, Fol owing Business Day Convention."
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This means that the number of days in the Interest Payment period wil be based on a 360-day year of twelve 30-day months
("30/360") and that the number of days in each Interest Payment period wil not be adjusted if an Interest Payment Date fal s
on a day that is not a Business Day ("unadjusted").
If any Interest Payment Date fal s on a day that is not a Business Day (including any Interest Payment Date that is also the
Maturity Date), the relevant Interest Payment wil be made on the next Business Day under the Fol owing Business Day
Convention.
EVENTS OF DEFAULT AND ACCELERATION
If the Notes have become immediately due and payable fol owing an Event of Default (as defined in the accompanying
prospectus) with respect to the Notes, the Calculation Agent wil determine (i) your Principal Amount and (i ) any accrued but
unpaid interest payable based upon the then applicable Interest Rate calculated on the basis of a 360-day year consisting of
twelve 30-day months.
If the Notes have become immediately due and payable fol owing an Event of Default, you wil not be entitled to any additional
payments with respect to the Notes. For more information, see "Description of the Debt Securities We May Offer--Events of
Default" beginning on page 22 of the accompanying prospectus.
TAX REDEMPTION
The Bank (or its successor) may redeem the Notes, in whole but not in part, at a redemption price equal to the Principal
Amount thereof together with accrued and unpaid interest to the date fixed for redemption, upon the giving of a notice as
described below, if:
as a result of any change (including any announced prospective change) in or amendment to the laws (or any
regulations or rulings promulgated thereunder) of Canada (or the jurisdiction of organization of the successor to the
Bank) or of any political subdivision or taxing authority thereof or therein affecting taxation, or any change in official
position regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of
competent jurisdiction), which change or amendment is announced or becomes effective on or after the Pricing Date (or,
in the case of a successor to the Bank, after the date of succession), and which in the written opinion to the Bank (or its
successor) of legal counsel of recognized standing has resulted or wil result (assuming, in the case of any announced
prospective change, that such announced change wil become effective as of the date specified in such announcement
and in the form announced) in the Bank (or its successor) becoming obligated to pay, on the next succeeding date on
which interest is due, additional amounts with respect to the Notes; or
on or after the Pricing Date (or, in the case of a successor to the Bank, after the date of succession), any action has
been taken by any taxing authority of, or any decision has been rendered by a court of competent jurisdiction in Canada
(or the jurisdiction of organization of the successor to the Bank) or any political subdivision or taxing authority thereof or
therein, including any of those actions specified in the paragraph immediately above, whether or not such action was
taken or decision was rendered with respect to the Bank (or its successor), or any change, amendment, application or
interpretation shall be official y proposed, which, in any such case, in the written opinion to the Bank (or its successor)
of legal counsel of recognized standing, wil result (assuming, in the case of any announced prospective change, that
such change, amendment, application, interpretation or action is applied to the Notes by the taxing authority and that
such announced change wil become effective as of the date specified in such announcement and in the form
announced) in the Bank (or its successor) becoming obligated to pay, on the next succeeding date on which interest is
due, additional amounts with respect to the Notes; and, in any such case, the Bank (or its successor), in its business
judgment, determines that such obligation cannot be avoided by the use of reasonable measures available to it (or its
successor).
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In the event the Bank elects to redeem the Notes pursuant to the provisions set forth in the preceding paragraph, it shall
deliver to the Trustees a certificate, signed by an authorized officer, stating (i) that the Bank is entitled to redeem such Notes
pursuant to their terms and (i ) the Principal Amount of the Notes to be redeemed.
Notice of intention to redeem such Notes wil be given to holders of the Notes not more than 45 nor less than 30 days prior to
the date fixed for redemption and such notice wil specify, among other things, the date fixed for redemption and the
redemption price.
ADDITIONAL RISK FACTORS
An investment in the Notes involves significant risks. In addition to the following risks included in this pricing supplement, we
urge you to read "Additional Risk Factors Specific to the Notes" beginning on page PS-5 of the accompanying product
prospectus supplement and "Risk Factors" beginning on page S-2 of the accompanying prospectus supplement and on page 6
of the accompanying prospectus.
You should understand the risks of investing in the Notes and should reach an investment decision only after careful
consideration, with your advisers, of the suitability of the Notes in light of your particular financial circumstances and the
information set forth in this pricing supplement and the accompanying prospectus, prospectus supplement and product
prospectus supplement.
Your Investment is Subject to a Reinvestment Risk in the Event We Elect to Call the Notes.
We have the ability to cal the Notes prior to the Maturity Date. In the event we decide to exercise the Call Provision, the
amount of interest payable would be less than the amount of interest payable if you held the Notes until the Maturity
Date. There is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes at a comparable
return for a similar level of risk fol owing our exercise of the Cal Provision. We may choose to cal the Notes early or choose
not to cal the Notes early, in our sole discretion. In addition, it is more likely that we wil cal the Notes prior to maturity if a
significant decrease in U.S. interest rates or a significant decrease in the volatility of U.S. interest rates would result in greater
interest payments on the Notes than on instruments of comparable maturity, terms and credit worthiness then trading in the
market.
Interest Rate Risk.
The Notes are an investment in a fixed interest rate. Fixed interest rate instruments are generally more sensitive to market
interest rate changes. The prices of long-term debt obligations general y fluctuate more than prices of short-term debt
obligations as interest rates change. General y, when market interest rates rise, the prices of debt obligations fall, and vice
versa. This risk may be particularly acute because market interest rates are currently at historical y low levels. Therefore, an
increase in market interest rates will adversely affect the value of your Notes.
The Step-Up Feature Presents Different Investment Considerations than Fixed Rate Notes.

You will most likely not earn the highest scheduled interest rates on the Notes if interest rates remain the same or fall during
the term of the Notes. This is due, in part, to the fact that we are likely to exercise the Cal Provision before the realization of
such highest scheduled interest rates. Therefore, when determining whether to invest in the Notes, you should not focus on the
highest interest rate, which is only applicable to the last year of the stated term of your Notes, and instead focus on, among
other things, the annual applicable interest rate to the First Cal Date and the Cal Provision.

The Notes are Not Ordinary Debt Securities.
The Notes have certain investment characteristics that differ from traditional fixed income securities. Specifical y, the
performance of the Notes wil not track the same price movements as traditional interest rate products. A person should reach
a decision to invest in the Notes after carefully considering, with his or her advisors, the suitability of the Notes in light
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