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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
Issue:Capped leveraged buffered notes
Underlying index:Russell 2000
Amount:$1 million
Maturity:Dec. 12, 2022
Coupon:0%
Price:Par
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%
Initial index level:1,891.252
Buffer level:1,607.5642, 85% of the initial level
Pricing date:Dec. 7
Settlement date:Dec. 10
Agent:TD Securities (USA) LLC
Fees:0.5%
Cusip:89114T2H4

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