By Marisa Wong
Los Angeles, April 3 – Toronto-Dominion Bank priced $815,000 of 0% leveraged capped buffered notes due July 14, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the index return, capped at $1,385.05 per $1,000 of notes.
If the index finishes flat or falls by up to 12.5%, the payout will be par.
If the index falls by more than 12.5%, investors will lose 1.1429% for every 1% index decline beyond 12.5%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped buffered notes
|
| Underlying index: | MSCI EAFE index
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| Amount: | $815,000
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| Maturity: | July 14, 2021
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at par plus 38.505%; par if index finishes flat or falls by up to 12.5%; otherwise, 1.1429% loss for every 1% decline beyond 12.5%
|
| Initial index level: | 1,519.74
|
| Pricing date: | March 25
|
| Settlement date: | April 1
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114RFU5
|
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