By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – Toronto-Dominion Bank priced $12.33 million of 0% capped buffered return enhanced notes due Sept. 6, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial value, the payout at maturity will be par plus 3 times the gain up to a maximum return of 29.16%.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond the buffer.
The agent is TD Securities (USA) LLC.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | Russell 2000 index
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| Amount: | $12.33 million
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| Maturity: | Sept. 6, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 3 times any index gain, capped at 29.16%; par if index declines by up to 15%; 1.1765% loss per 1% drop beyond 15%
|
| Initial value: | 1,809.748
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| Pricing date: | Sept. 2
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| Settlement date: | Sept. 8
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| Agents: | TD Securities (USA) LLC
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| Fees: | 1.5%
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| Cusip: | 89114YBT7
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