By Marisa Wong
Morgantown, W.Va., April 26 – Toronto-Dominion Bank priced $2.58 million of 0% digital notes due April 16, 2020 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus the digital return of 18%.
If the index falls by more than 15%, investors will lose 1.1765% for every 1% decline beyond 15%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Digital notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.58 million
|
| Maturity: | April 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 85% of initial level, par plus 18%; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
|
| Initial level: | 3,419.71
|
| Pricing date: | April 11
|
| Settlement date: | April 18
|
| Underwriter: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114QMJ4
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