By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Toronto-Dominion Bank sold $4 million of 0% capped buffered return enhanced notes due Feb. 17, 2022 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any stock gain, up to a maximum payout of par plus 31.6%.
Investors will receive par if the stock falls by up to 10% and will receive 6.0154 Microsoft shares if the stock falls by more than 10%.
Barclays is the agent. JPMorgan is the placement agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying stock: | Microsoft Corp.
|
| Amount: | $4 million
|
| Maturity: | Feb. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any stock gain, capped at 31.6%; par if stock falls by up to 10%; otherwise, 6.0154 Microsoft shares
|
| Initial stock price: | $184.71
|
| Buffer price: | $166.239, 90% of initial price
|
| Pricing date: | Feb. 13
|
| Settlement date: | Feb. 19
|
| Agent: | Barclays
|
| Placement agent: | JPMorgan
|
| Fees: | 1.5%
|
| Cusip: | 891160SG9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
