Published on 2/5/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.87 million leveraged buffered notes on Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Feb. 5 – Toronto-Dominion Bank priced $1.87 million of 0% leveraged buffered notes due Jan. 31, 2023 linked to the Euro Stoxx 50 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 171% times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged buffered notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1.87 million
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Maturity: | Jan. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 171% times any index gain; par if index declines by 25% or less; 1% loss for every 1% decline beyond 25%
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Initial level: | 3,647.41
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Buffer level: | 2,735.5575, 75% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | TD Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 89114QKJ6
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