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