E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/1/2020 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $4.7 million Leveraged Index Return Notes on Russell 1000 Value

By Kiku Steinfeld

Chicago, Oct. 1 – Toronto-Dominion Bank priced $4.7 million of 0% Leveraged Index Return Notes due Sept. 26, 2025 linked to the Russell 1000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.32 times any index gain.

If the index falls, investors will lose 1% for every 1% decline of the index

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Leveraged Index Return Notes
Underlying index:Russell 1000 Value index
Amount:$4,698,200
Maturity:Sept. 26, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.32 times any index gain; if index falls, 1% loss for every 1% index decline
Initial level:1,135.859
Final level:Average of index closing levels on each of the five trading days ending Sept. 23, 2025
Pricing date:Sept. 24
Settlement date:Oct. 1
Agent:BofA Securities, Inc.
Fees:2.5%
Cusip:891160418

© 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.