New Issue: TD Bank prices $350,000 capped leveraged notes linked to Nasdaq, S&P

By Kiku Steinfeld

Chicago, May 26 – Toronto-Dominion Bank priced $350,000 of 0% capped leveraged notes due Jan. 24, 2025 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus 2 times the return of that index, subject to a maximum payout of $1,513 per each $1,000 face amount of notes.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index
Amount:	$350,000
Maturity:	Jan. 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus 2 times return of lowest-performing index up to $1,513 per each $1,000 face amount of notes; otherwise, 1% loss for every 1% decline of worst performer
Initial values:	11,295.67 for Nasdaq, 3,898.85 for S&P
Pricing date:	Jan. 20, 2023
Settlement date:	Jan. 25, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.3%
Cusip:	89114YMU2

© 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.