New Issue: TD Bank sells $4.27 million leveraged capped buffered notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 7 – Toronto-Dominion Bank priced $4.27 million of 0% leveraged capped buffered notes due Dec. 13, 2023 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 170% of the index return, subject to a maximum payout of par plus 21.165%.

Investors will receive par if the index finishes flat or falls by up to 17.5% and will lose 1.2121% for every 1% index decline beyond 17.5%.

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
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500 index
Amount:	$4,265,000
Maturity:	Dec. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any index gain, capped at par plus 21.165%; par if index falls by up to 17.5%; 1.2121% loss for every 1% index decline beyond 17.5%
Initial index level:	3,678.43
Buffer level:	3,034.70475; 82.5% of initial level
Pricing date:	Oct. 3
Settlement date:	Oct. 11
Agent:	TD Securities (USA) LLC
Selected dealer:	Simon Markets LLC, an affiliate of Goldman Sachs & Co. LLC
Fees:	None
Cusip:	89114YDL2

© 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.