Published on 10/29/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $26.5 million leveraged capped buffered notes on S&P
By Sarah Lizee
Olympia, Wash., Oct. 29 – Toronto-Dominion Bank priced $26.5 million of 0% leveraged capped buffered notes due May 12, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is flat or positive, the payout at maturity will be par plus 2 times any gain, capped at $1,200.60 per $1,000 principal amount. Investors will lose 1% for every 1% that the index declines.
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: | $26,495,000
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Maturity: | May 12, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is flat or positive, par plus 2 times any gain, capped at $1,200.60 per $1,000 principal amount; investors will lose 1% for every 1% that the index declines
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Initial level: | 3,022.55
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Pricing date: | Oct. 3
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Settlement date: | Oct. 10
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Agent: | TD Securities (USA) LLC
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Fees: | 1.31%
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Cusip: | 89114R2P0
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