By Angela McDaniels
Tacoma, Wash., Dec. 17 – Toronto-Dominion Bank priced $5.29 million of 0% leveraged capped relative performance notes due Jan. 20, 2017 linked to the S&P Banks Select Industry index as the long underlier and the S&P 500 index as the short underlier, according to a 424B2 filing with the Securities and Exchange Commission.
The relative performance will be the difference of the long underlier performance minus the short underlier performance.
If the relative performance is greater than or equal to the 6.2%, the payout at maturity will be $1,124 per $1,000 principal amount of notes.
If the relative performance is greater than zero but less than 6.2%, the payout will be par plus 200% of the relative performance.
If the relative performance is equal to zero, the payout will be par.
If the relative performance is less than zero, the payout will be par plus the product of the relative performance multiplied by $1,000, subject to a minimum payment of $1 per note.
TD Securities (USA) LLC and Goldman Sachs & Co. are the underwriters.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped relative performance notes
|
| Underlying indexes: | S&P Banks Select Industry and S&P 500
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| Amount: | $5.29 million
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| Maturity: | Jan. 20, 2017
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If relative performance is greater than or equal to 6.2%, par plus 12.4%; if relative performance is greater than zero but less than 6.2%, par plus 200% of relative performance; if relative performance is equal to zero, par; if relative performance is less than zero, par plus product of relative performance multiplied by $1,000, subject to minimum payment of $1 per note
|
| Relative performance: | Difference of S&P Banks Select Industry’s performance minus S&P 500’s performance
|
| Initial index levels: | 755.21 for S&P Banks and 2,043.41 for S&P 500
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 22
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| Underwriters: | TD Securities (USA) LLC and Goldman Sachs & Co.
|
| Fees: | 1.06%
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| Cusip: | 89114QUJ5
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