Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $13.8 million leveraged capped notes linked to Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Toronto-Dominion Bank priced $13.8 million of 0% leveraged capped notes due May 11, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payment of $1,232.50 per $1,000 of notes.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped notes
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Underlying index: | Russell 2000 index
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Amount: | $13,795,000
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Maturity: | May 11, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 23.25%; full exposure to losses
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Initial index level: | 2,050.74
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Pricing date: | Feb. 1
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Settlement date: | Feb. 8
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Agent: | TD Securities (USA) LLC
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Fees: | 1.25%
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Cusip: | 89114V2X4
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