By Wendy Van Sickle
Columbus, Ohio, March 7 – Toronto-Dominion Bank priced $12.4 million of leveraged capped buffered notes due May 1, 2020 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 140% of the index return, subject to a maximum payment of $1,285.60 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged capped buffered notes
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| Underlying index: | S&P 500
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| Amount: | $12.4 million
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| Maturity: | May 1, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 140% of any index gain, with return capped at 28.56%; par if index falls by up to 12.5%; 1.1429% loss for every 1% drop beyond 12.5%
|
| Initial level: | 2,691.25
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| Pricing date: | March 2
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| Settlement date: | March 9
|
| Agent: | TD Securities (USA) LLC
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| Fees: | None
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| Cusip: | 89114QLL0
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