New Issue: TD Bank sells $1 million leveraged capped buffered notes on EAFE ETF

By Sarah Lizee

Olympia, Wash., Aug. 2 – Toronto-Dominion Bank priced $1 million of leveraged capped buffered notes due Aug. 6, 2020 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 150% of the fund return, subject to a maximum payment of $1,247.50 per $1,000 principal amount.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1 million
Maturity:	Aug. 6, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any fund gain, with maximum return of $1,247.50 per $1,000 principal amount; par if fund falls by up to 10%; 1% loss for every 1% drop beyond 10%
Initial level:	$68.79
Buffer level:	$61.911, 90% of initial level
Pricing date:	July 30
Settlement date:	Aug. 2
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89114QPW2

© 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.