Published on 4/21/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $75,000 index-linked capped leveraged buffered notes on Russell
By Kiku Steinfeld
Chicago, April 21 – Toronto-Dominion Bank priced $75,000 of 0% index-linked capped leveraged buffered notes due Dec. 26, 2025 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 126.27% of any index gain, up to a maximum settlement amount of $1,394.05 per each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Index-linked capped leveraged buffered notes
|
Underlying index: | Russell 2000 index
|
Amount: | $75,000
|
Maturity: | Dec. 26, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 126.27% of any index gain, subject to maximum settlement amount of $1,394.05 per each $1,000 principal amount of notes; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline beyond 25%
|
Initial level: | 1,754.086
|
Buffer level: | 1,315.5645; 75% of initial level
|
Pricing date: | Dec. 22
|
Settlement date: | Dec. 28
|
Agent: | TD Securities (USA) LLC
|
Fees: | 2.5%
|
Cusip: | 89114YHH7
|
|
© 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.