Published on 11/16/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.43 million leveraged capped buffered notes on MSCI EAFE
By Kiku Steinfeld
Chicago, Nov.16 – Toronto-Dominion Bank priced $2.43 million of 0% leveraged capped buffered notes due April 21, 2022 linked to the MSCI EAFE 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 140% of the index return, capped at $1,167.44 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for every 1% index decline beyond 10%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Underlying index: | MSCI EAFE index
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Amount: | $2,432,000
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Maturity: | April 21, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain, capped at $1,167.44 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
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Initial value: | 1,849.24
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Buffer level: | 1,664.316, 90% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Nov. 3
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114RVN3
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