Published on 1/15/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $10.95 million leveraged capped buffered notes on S&P
By Sarah Lizee
Olympia, Wash., Jan. 15 – Toronto-Dominion Bank priced $10.95 million of 0% leveraged capped buffered notes due Jan. 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain, capped at $1,149 per $1,000 principal amount. If the index declines by up to 10%, the payout will be par. Investors will lose 1.1111% for every 1% that the index declines beyond 10%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Underlying index: | S&P 500
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Amount: | $10.95 million
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Maturity: | Jan. 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any gain, capped at $1,149 per $1,000 principal amount; if index declines by up to 10%, par; investors will lose 1.1111% for every 1% that index declines beyond 10%
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Initial level: | 3,288.13
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Buffer level: | 2,959.317, 90% of initial level
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Pricing date: | Jan. 13
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Settlement date: | Jan. 21
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Agent: | TD Securities (USA) LLC
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Fees: | 1.75%
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Cusip: | 89114RBV7
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