Published on 4/18/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $8.61 million Leveraged Index Return Notes on Russell 1000 Value
By Kiku Steinfeld
Chicago, April 19 – Toronto-Dominion Bank priced $8.61 million of 0% Leveraged Index Return Notes due March 27, 2026 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.2285 times any index gain.
If the index falls, investors will lose 1% for every 1% decline of the index
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged Index Return Notes
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Underlying index: | Russell 1000 Value index
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Amount: | $8,608,120
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Maturity: | March 27, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.2285 times any index gain; if index falls, 1% loss for every 1% index decline
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Initial level: | 1,479.56
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Final level: | Average of index closing levels on each of the five trading days ending March 24, 2026
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Pricing date: | March 25
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Settlement date: | April 1
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Agent: | BofA Securities, Inc.
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Fees: | 2.5%
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Cusip: | 891160236
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