Published on 8/17/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $12.28 million leveraged capped notes linked to Euro Stoxx Banks
By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – Toronto-Dominion Bank priced $12.28 million of 0% leveraged capped index-linked notes due Nov. 3, 2022 tied to the Euro Stoxx Banks 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 300% of the index return, capped at $1,385.80 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Leveraged capped index-linked notes
|
Underlying index: | Euro Stoxx Banks index
|
Amount: | $12.28 million
|
Maturity: | Nov. 3, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at $1,385.80 per $1,000 principal amount; full exposure to losses
|
Initial index level: | 99.28
|
Pricing date: | Aug. 11
|
Settlement date: | Aug. 18
|
Agent: | TD Securities (USA) LLC
|
Fees: | 1.19%
|
Cusip: | 89114TPJ5
|
|
© 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.