Prospectus Supplement for Index Linked Notes slide image

Prospectus Supplement for Index Linked Notes

supplement or in any of the Index Sponsor's publicly available information or determine if there has been any omission by any Index Sponsor to disclose any facts, information or events which may have occurred prior to or subsequent to the date as of which any information has been furnished by any Index Sponsor which may affect the significance or accuracy of such information. The Bank and the Investment Dealers are not responsible for an unrelated Index Sponsor's public disclosure of information with respect to itself or the relevant Index, whether contained in filings made with securities regulators or otherwise. See "Description of Index Linked Notes - Indices". A Market Disruption Event may affect the determination of Index levels The Calculation Agent may determine, in its sole discretion, that certain events constitute a Market Disruption Event, whereby the Calculation Agent would be entitled to postpone a Valuation Date specified in the applicable pricing supplement for the determination of a Closing Index Level to a later date in respect of the affected Index which may delay the calculation and/or payment of any amounts that may be payable on the Notes. Fluctuations in the Closing Index Level may occur in the interim. In certain cases, a Market Disruption Event may result in a change to the formula for calculating any amounts that may be payable on the Notes. As a result of such events, the amounts that may be payable on the Notes may be adversely affected. See "Special Circumstances - Market Disruption Event". A Material Index Change may affect the value of the Notes Certain events may constitute a Material Index Change, whereby, as a result, the Calculation Agent may be entitled to make adjustments to the formula for calculating any amounts that may be payable on the Notes and may also, substitute the Index for another Index. Such events or actions may affect the value of the Notes and the amounts that may be payable on the Notes. See "Special Circumstances Index Adjustments". Historical performance of an underlying interest or an Index should not be taken as an indication of future performance The performance of any underlying interest will affect Index levels and, therefore, the value of the Notes. The historical performance of an underlying interest or an Index is not necessarily an indication of the future performance of such underlying interest or Index. As a result, it is impossible to predict whether the value of an underlying interest or Index levels will rise or fall during the term of the Notes. The value of an underlying interest and Index levels will be influenced by complex and interrelated political, geopolitical, social, economic, financial and other factors. See "Historical Index Level and Dividend Information". Risk Factors Relating to the Secondary Market There may not be an active trading market for the Notes There may be little or no secondary market for the Notes. Unless otherwise specified in the relevant pricing supplement, the Notes will not be listed or quoted on any securities exchange or any electronic communications network. Unless otherwise specified in the applicable pricing supplement, Scotia Capital Inc. and other affiliates of the Bank may under normal market conditions, provide a secondary market for the Notes, but they are not obligated to do so, and they may stop any such market-making activities at any time in their sole and absolute discretion, without prior notice to investors. A prospective investor should not base his or her decision to purchase the Notes on the availability of a secondary market or, if a secondary market is available, on the expectation that the bid price for the Notes will be equal to or greater than the Principal Amount invested by such investor. See "Secondary Market for Notes" in the Prospectus. PROD-SUP-ILN-18
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