E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/3/2018 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $2.58 million leveraged buffered notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Toronto-Dominion Bank priced $2.58 million of 0% leveraged buffered notes due Dec. 29, 2022 linked to the Euro Stoxx 50 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 172% times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Leveraged buffered notes
Underlying index:Euro Stoxx 50
Amount:$2,576,000
Maturity:Dec. 29, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 172% times any index gain; par if index declines by 25% or less; 1% loss for every 1% decline beyond 25%
Initial level:3,553.39
Buffer level:2,665.0425, 75% of initial level
Pricing date:Dec. 22
Settlement date:Dec. 29
Agent:TD Securities (USA) LLC
Fees:3.5%
Cusip:89114QJZ2

© 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.