Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $4.81 million capped notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., May 30 – Toronto-Dominion Bank priced $4.81 million of 0% capped notes due May 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par plus the index return, capped at par plus 7%.
Investors will receive no less than par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,806,000
|
| Maturity: | May 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 7%; otherwise, par
|
| Initial value: | 4,192.63
|
| Pricing date: | May 22
|
| Settlement date: | May 25
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.65%
|
| Cusip: | 89114YY54
|
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