Published on 5/15/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $7.81 million Capped Leveraged Index Return Notes on Russell
By Wendy Van Sickle
Columbus, Ohio, May 15 – Toronto-Dominion Bank priced $7.81 million of 0% Capped Leveraged Index Return Notes due April 29, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any index gain, up to a payout of par plus 24.02%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Russell 2000 index
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Amount: | $7,805,600
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Maturity: | April 29, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 24.02%; if the index falls by up to buffer, par; otherwise, investors will lose 1% for every 1% decline beyond buffer
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Initial level: | 1,214.065
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Buffer level: | 1,092.659, 90% of initial level
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Pricing date: | April 23
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Settlement date: | April 30
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 891160459
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