Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $45.13 million leveraged capped notes linked to Stoxx Banks
By William Gullotti
Buffalo, N.Y., Nov. 4 – Toronto-Dominion Bank priced $45.13 million of 0% leveraged capped index-linked notes due Feb. 5, 2024 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 400% of the index return, capped at $1,489.20 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped index-linked notes
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Underlying index: | Euro Stoxx Banks index
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Amount: | $45,127,000
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Maturity: | Feb. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 400% of any index gain, capped at $1,489.20 per $1,000 principal amount; full exposure to losses
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Initial index level: | 88.16
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Pricing date: | Nov. 1
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Settlement date: | Nov. 8
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Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
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Fees: | 1.19%
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Cusip: | 89114YFA4
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