Published on 12/1/2017 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.24 million capped leveraged buffered notes on Russell
By Marisa Wong
Morgantown, W.Va., Dec. 1 – Toronto-Dominion Bank priced $2.24 million of 0% capped leveraged buffered notes due Nov. 26, 2019 linked to the Russell 2000 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 200% times the index return, capped at 20%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped leveraged buffered notes
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Underlying index: | Russell 2000
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Amount: | $2,243,000
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Maturity: | Nov. 26, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% times any index gain, with return capped at 20%; par if index declines by 10% or less; 1% loss for every 1% decline beyond 10%
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Initial level: | 1,518.890
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Pricing date: | Nov. 21
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Settlement date: | Nov. 27
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Agent: | TD Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 89114QJW9
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