Published on 5/1/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $5 million buffered notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, May 1 – Toronto-Dominion Bank priced $5 million of 0% buffered notes due April 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that it may declines beyond 25%.
TD Securities (USA) LLC is the underwriter.
Issuer: | Toronto-Dominion Bank
|
Issue: | Buffered notes
|
Underlying index: | S&P 500
|
Amount: | $4,995,000
|
Maturity: | April 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than or equal to initial level, par plus index return; par if index declines by 25% or less; 13% loss for every 1% that index declines beyond 25%
|
Initial index level: | 2,926.17
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Underwriter: | TD Securities (USA) LLC
|
Fees: | 3.5%
|
Cusip: | 89114QJ58
|
|
© 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.