Published on 1/16/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $6.33 million leveraged buffered notes linked to Stoxx 50
By Susanna Moon
Chicago, Jan. 16 – Toronto-Dominion Bank priced $6.33 million of 0% leveraged buffered notes due Jan. 19, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.4 times any index gain, up to a maximum settlement amount of $1,792 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if it falls beyond the geared buffer.
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: | $6,328,000
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Maturity: | Jan. 19, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 240% of any index gain, capped at 79.2%; par if index falls by up to 25%; 1.333% loss for each 1% decline beyond 25%
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Initial level: | 3,055.18
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Barrier level: | 2,291.385, 75% of initial level
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Pricing date: | Jan. 14
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Settlement date: | Jan. 22
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Agent: | TD Securities (USA) LLC
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Fees: | 3%
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Cusip: | 89114QHK7
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