Published on 2/14/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $4.2 million leveraged capped notes linked to Russell
Chicago, Feb. 14 – Toronto-Dominion Bank priced $4.2 million of 0% leveraged capped notes due Aug. 3, 2022 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 $1,202.50 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
|
| Issue: | Leveraged capped notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,200,000
|
| Maturity: | Aug. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 20.25%; full exposure to losses
|
| Initial index level: | 2,188.211
|
| Pricing date: | April 20, 2021
|
| Settlement date: | April 27, 2021
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.25%
|
| Cusip: | 89114TGJ5
|
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