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Published on 3/10/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $515,000 capped leveraged notes on Russell 2000

By Kiku Steinfeld

Chicago, March 10 – Toronto-Dominion Bank priced $515,000 of 0% capped leveraged notes due Dec. 2, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 128.13% any index gain.

Investors will lose 1% for every 1% decline from initial level.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Capped leveraged notes
Underlying index:Russell 2000
Amount:$515,000
Maturity:Dec. 2, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 128.13% of any index gain; otherwise, 1% loss for every 1% decline from initial level
Initial level:1,830.964
Pricing date:Nov. 28
Settlement date:Dec. 1
Agent:TD Securities (USA) LLC
Fees:0.25%
Cusip:89114YGY1

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