Published on 9/3/2020 in the Prospect News Structured Products Daily.
New Issue: TD sells $29,000 capped leveraged buffered notes on S&P
By Sarah Lizee
Olympia, Wash., Sept. 3 – Toronto-Dominion Bank priced $29,000 of 0% capped leveraged buffered notes due Sept. 2, 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 $1,150 per $1,000 of notes. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% that the index may decline beyond 10%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $29,000
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Maturity: | Sept. 2, 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 $1,150 per $1,000 of notes; par if index declines by 10% or less; 1% loss for each 1% decline beyond 10%
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Initial index level: | 3,500.31
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Buffer level: | 3,150.279, 90% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | TD Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 89114RQJ8
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