Published on 1/18/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $3.56 million leveraged capped buffered notes on S&P 500
By Sarah Lizee
Olympia, Wash., Jan. 18 – Toronto-Dominion Bank priced $3.56 million of 0% leveraged capped buffered notes due Oct. 30, 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 200% of the index gain, capped at $1,192.60 per $1,000 principal amount. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.
TD Securities (USA) LLC and Goldman Sachs & Co. are the agents.
Issuer: | Toronto-Dominion Bank
|
Issue: | Leveraged capped buffered notes
|
Underlying index: | S&P 500 index
|
Amount: | $3,557,000
|
Maturity: | Oct. 30, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at $1,192.60 per $1,000 principal amount; par if the index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
Initial level: | 2,616.10
|
Buffer level: | 2,354.49, 90% of initial level
|
Pricing date: | Jan. 16
|
Settlement date: | Jan. 24
|
Agents: | TD Securities (USA) LLC and Goldman Sachs & Co.
|
Fees: | 1.5%
|
Cusip: | 89114QGQ5
|
© 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.