New Issue: TD Bank sells $14.24 million leveraged capped buffered notes index basket

By Susanna Moon

Chicago, April 27 – Toronto-Dominion Bank priced $14.24 million of leveraged capped buffered notes due Aug. 20, 2019 linked Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of $1,310.50 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	Euro Stoxx 50 index
Amount:	$14.24 million
Maturity:	Aug. 20, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 31.05%; par if index declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
Initial level:	3,441.04
Barrier level:	2,752.832, 80% of initial level
Pricing date:	April 16
Settlement date:	April 23
Agent:	TD Securities (USA) LLC
Fees:	1.12%
Cusip:	89114QML9

© 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.