New Issue: TD Bank prices $4.01 million digital notes linked to EAFE

By Sarah Lizee

Olympia, Wash., Oct. 18 – Toronto-Dominion Bank priced $4.01 million of 0% digital notes due Jan. 11, 2021 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the barrier level, 90% of the initial index level, the payout at maturity will be par plus 7.65%.

If the final index level is less than the barrier value, investors will lose 1.1111% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	MSCI EAFE
Amount:	$4,014,000
Maturity:	Jan. 11, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the buffer level, par plus 7.65%; otherwise, 1% loss for every 1% that the index declines beyond 10%
Initial level:	1,916.33
Buffer value:	1,724.697, 90% of initial level
Pricing date:	Oct. 16
Settlement date:	Oct. 23
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114R3S3

© 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.