New Issue: TD Bank prices $75,000 capped contingent absolute return buffered notes on Nasdaq

By Kiku Steinfeld

Chicago, Jan. 19 – Toronto-Dominion Bank priced $75,000 0% capped contingent absolute return buffered notes due Nov. 2, 2026 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the return of the index, capped at par plus 49.7%.

If the index falls by up to 20%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped contingent absolute return buffered notes
Underlying index:	Nasdaq-100 index
Amount:	$75,000
Maturity:	Nov. 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above its initial level, par plus the return of the index, capped at par plus 49.7%; if the index falls by up to 20%, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for each 1% decline of the index beyond 20%
Initial level:	13,245.99
Buffer level:	10,596.792; 80% of initial level
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114YVC2

© 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.