New Issue: TD Bank sells $4.38 million Leveraged Index Return Notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Aug. 16 – Toronto-Dominion Bank priced $4.38 million of 0% Leveraged Index Return Notes due Aug. 27, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.732 times any index gain.

If the index declines by up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged Index Return Notes
Underlying index:	Euro Stoxx 50 index
Amount:	$4,377,160
Maturity:	Aug. 27, 2027
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.732 times any index gain; if index falls up to 20%, par; otherwise, lose 1% for every 1% decline beyond 20%
Initial level:	3,757.05
Threshold value:	3,005.64; 80% of initial level
Pricing date:	Aug. 11
Settlement date:	Aug. 18
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	891162463

© 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.