Published on 2/6/2024 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $735,000 capped notes linked to gold trust
Chicago, Feb. 6 – Toronto-Dominion Bank priced $735,000 of 0% capped notes due June 17, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 100% of the return of the ETF capped at par plus 10.55%. Otherwise, the payout will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped notes
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $735,000
|
| Maturity: | June 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 100% of ETF return capped at par plus 10.55%; otherwise, par
|
| Initial level: | $186.81
|
| Upside leverage: | 100%
|
| Cap: | 10.55%
|
| Principal protection: | 100%
|
| Strike date: | May 12, 2023
|
| Pricing date: | May 15, 2023
|
| Settlement date: | May 18, 2023
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.042%
|
| Cusip: | 89114YXW6
|
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