Published on 3/24/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $421,2000 leveraged capped notes on S&P 500
By Kiku Steinfeld
Chicago, March 24 – Toronto-Dominion Bank priced $421,2000 of 0% leveraged capped notes due March 17, 2023 linked to the S&P 500 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, subject to a maximum payout of par plus 19.65%.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped notes
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| Underlying index: | S&P 500 index
|
| Amount: | $421,2000
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| Maturity: | March 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 19.65%; full exposure to loss
|
| Initial index level: | 4,357.73
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 27
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0%
|
| Cusip: | 89114TRV6
|
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