Published on 9/20/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $6 million capped leveraged notes linked to 11 stocks
By Angela McDaniels
Tacoma, Wash., Sept. 20 – Toronto-Dominion Bank priced $6 million of 0% capped leveraged notes due Oct. 21, 2020 linked to a basket of 11 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes equal weights of Amazon.com, Inc., Apple Inc., Atlassian Corp. plc, DocuSign, Inc., RingCentral, Inc., salesforce.com, inc., ServiceNow, Inc., Twilio Inc., Veeva Systems Inc., Zendesk, Inc. and Zoom Video Communications, Inc.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum return of 24%. If the basket return is negative, investors will be exposed to the decline.
TD Securities (USA) LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped leveraged notes
|
| Underlying stocks: | Amazon.com, Inc. (Symbol: AMZN), Apple Inc. (Symbol: AAPL), Atlassian Corp. plc (Symbol: TEAM), DocuSign, Inc. (Symbol: DOCU), RingCentral, Inc. (Symbol: RNG), salesforce.com, Inc. (Symbol: CRM), ServiceNow, Inc. (Symbol: NOW), Twilio Inc. (Symbol: TWLO), Veeva Systems Inc. (Symbol: VEEV), Zendesk, Inc. (Symbol: ZEN) and Zoom Video Communications, Inc. (Symbol: ZM), equally weighted
|
| Amount: | $6 million
|
| Maturity: | Oct. 21, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 150% of basket return, subject to maximum return of 24%; if basket return is negative, exposure to decline
|
| Initial share prices: | $220.96 for Apple, $1,821.50 for Amazon, $153.60 for salesforce.com, $63.36 for DocuSign, $268.74 for ServiceNow, $133.33 for RingCentral, $134.93 for Atlassian, $115.11 for Twilo, $147.43 for Veeva, $77.36 for Zendesk and $84.62 for Zoom
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Agent: | TD Securities (USA) LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.75%
|
| Cusip: | 89114R2C9
|
© 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.
