Published on 5/7/2021 in the Prospect News Structured Products Daily.
New Issue: TD prices $5.74 million digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 7 – Toronto-Dominion Bank priced $5.74 million of 0% digital index-linked notes due March 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 87.5% threshold level, the payout at maturity will be $1,110.80 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Digital index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $5,738,000
|
Maturity: | March 8, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above its 87.5% threshold level, $1,110.80 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that the index declines beyond 12.5%
|
Initial index level: | 4,173.42
|
Threshold level: | 3,651.7425, 87.5% of initial level
|
Pricing date: | April 21
|
Settlement date: | April 28
|
Agent: | TD Securities (USA) LLC
|
Fees: | 0%
|
Cusip: | 89114TGE6
|
|
© 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.