New Issue: TD Bank sells $750,000 leveraged capped notes on EM ETF

By Taylor Fox

New York, Feb. 5 – Toronto-Dominion Bank priced $750,000 of leveraged capped notes due Jan. 5, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum payment of $1,295 per $1,000 principal amount.

Investors will receive par if the ETF does not change and will lose 1% for each 1% decline.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$750,000
Maturity:	Jan. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, capped at $1,295 per $1,000 principal amount; par if ETF does not change; 1% loss for every 1% drop
Initial price:	$51.67
Pricing date:	Dec. 31
Settlement date:	Jan. 8
Agent:	TD Securities (USA) LLC
Fees:	2%
Cusip:	89114T5E8

© 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.