Published on 10/14/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $8.71 million leveraged capped notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., Oct. 14 – Toronto-Dominion Bank priced $8.71 million of 0% leveraged capped index-linked notes due April 10, 2024 tied 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 200% of the index return, capped at $1,329.30 per $1,000 principal amount.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $8,708,000
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Maturity: | April 10, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at $1,329.30 per $1,000 principal amount; full exposure to losses
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Initial index level: | 3,639.66
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Pricing date: | Oct. 7
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Settlement date: | Oct. 17
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Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
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Fees: | 1.38%
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Cusip: | 89114YDY4
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