By William Gullotti
Buffalo, N.Y., Jan. 24 – Toronto-Dominion Bank priced $2 million of 0% leveraged capped buffered index-linked notes due July 23, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum payout of par plus 23.505%.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for every 1% index decline beyond 10%.
TD Securities (USA) LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2 million
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Maturity: | July 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at par plus 23.505%; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
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Initial index level: | 3,898.85
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Buffer level: | 3,508.965; 90% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 26
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Agent: | TD Securities (USA) LLC
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Selected dealer: | Simon Markets LLC, an affiliate of Goldman Sachs & Co. LLC
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Fees: | 1.51%
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Cusip: | 89114YMA6
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