New Issue: TD Bank sells $25.95 million Capped Leveraged Index Return Notes on S&P

By Wendy Van Sickle

Columbus, Ohio, June 29 – Toronto-Dominion Bank priced $25.95 million of 0% Capped Leveraged Index Return Notes due June 30, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a payout of par plus 9.82%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped Leveraged Index Return Notes
Underlying index:	S&P 500 index
Amount:	$25,948,840
Maturity:	June 30, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 2 times any index gain, capped at par plus 9.82%; if the index falls by up to buffer, par; otherwise, investors will lose 1% for every 1% decline beyond buffer
Initial level:	4,266.49
Buffer level:	3,839.84, 90% of initial level
Pricing date:	June 24
Settlement date:	July 1
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	89117F703

© 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.