By Marisa Wong
Los Angeles, Aug. 3 – Toronto-Dominion Bank priced $13.1 million of 0% leveraged capped buffered notes due Feb. 1, 2022 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 200% of the index return, capped at $1,120 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1.1765% for every 1% index decline beyond 15%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Underlying index: | S&P 500 index
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Amount: | $13.1 million
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Maturity: | Feb. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 12%; par if index falls by up to 15%; 1.1765% loss for every 1% index decline beyond 15%
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Initial index level: | 3,218.44
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Pricing date: | July 28
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Settlement date: | Aug. 4
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Agent: | TD Securities (USA) LLC
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Fees: | 1.67%
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Cusip: | 89114RPC4
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