New Issue: TD Bank sells $1 million capped barrier accelerator notes on S&P 500

By Marisa Wong

Morgantown, W.Va., March 2 – Toronto-Dominion Bank priced $1 million of capped barrier accelerator notes due Aug. 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 37.5%. If the index return is between zero and negative 30%, inclusive, the payout will be par. If the index falls by more than 30%, investors will be fully exposed to the index’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Capped barrier accelerator notes
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Aug. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 150% of index return, subject to 37.5% maximum return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, investors will experience a loss proportionate to index’s decline
Initial index level:	1,951.70
Barrier level:	1,366.19, 70% of initial level
Pricing date:	Feb. 25
Settlement date:	Feb. 29
Fees:	2.35%
Cusip:	89114QUU0

© 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.