Published on 7/19/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $3.97 million leveraged capped buffered notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 19 – Toronto-Dominion Bank priced $3.97 million of 0% leveraged capped buffered notes due July 21, 2021 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 1.5 times the index gain, capped at $1,236.32 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 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 index
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Amount: | $3.97 million
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Maturity: | July 21, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at $1,236.32 per $1,000 principal amount; par if the index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
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Initial level: | 2,984.42
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Buffer level: | 2,685.978, 90% of initial level
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Pricing date: | July 17
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Settlement date: | July 24
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Agent: | TD Securities (USA) LLC
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Fees: | 2%
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Cusip: | 89114Q3A4
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