Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.66 million leveraged capped buffered notes on S&P 500
By William Gullotti
Buffalo, N.Y., April 4 – Toronto-Dominion Bank priced $1.66 million of 0% leveraged capped buffered notes due Aug. 10, 2022 linked to the S&P 500 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 120% of the index return, capped at $1,151.20 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for every 1% index decline beyond 10%.
TD Securities (USA) LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Underlying index: | S&P 500 index
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Amount: | $1,660,000
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Maturity: | Aug. 10, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 120% of any index gain, capped at $1,151.20 per note; par if index falls by up to 10%; 1.1111% loss for every 1% index decline beyond 10% buffer
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Initial index level: | 4,124.66
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Buffer level: | 3,712.194, 90% of initial level
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Pricing date: | May 4, 2021
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Settlement date: | May 11, 2021
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Agent: | TD Securities (USA) LLC
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Selected dealer: | Simon Markets LLC
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Fees: | 0%
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Cusip: | 89114THP0
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