Published on 12/21/2020 in the Prospect News Structured Products Daily.
New Issue: TD prices $1 million capped leveraged buffered notes linked to Russell
By Kiku Steinfeld
Chicago, Dec. 21 – Toronto-Dominion Bank priced $1 million of 0% capped leveraged buffered notes due Dec. 12, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130% of any index gain, up to a maximum settlement amount of $1,158.60 per $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
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: | Russell 2000
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Amount: | $1 million
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Maturity: | Dec. 12, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain, subject to $1,158.60 maximum settlement amount per $1,000 of notes; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial index level: | 1,891.252
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Buffer level: | 1,607.5642, 85% of the initial level
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Pricing date: | Dec. 7
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Settlement date: | Dec. 10
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Agent: | TD Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 89114T2H4
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