New Issue: TD Bank sells $486,000 digital index-linked notes on S&P

By Sarah Lizee

Olympia, Wash., Aug. 17 – Toronto-Dominion Bank priced $486,000 of 0% digital index-linked notes due Oct. 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold level, the payout at maturity will be $1,105.50 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$486,000
Maturity:	Oct. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above its 90% threshold, $1,105.50 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that the index declines beyond 10%
Initial index level:	3,306.51
Threshold level:	2,975.859, 90% of initial level
Pricing date:	Aug. 4
Settlement date:	Aug. 11
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114RPX8

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.