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Published on 12/23/2019 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $2.91 million leveraged capped notes on S&P

By Sarah Lizee

Olympia, Wash., Dec. 23 – Toronto-Dominion Bank priced $2.91 million of 0% leveraged capped notes due Jan. 13, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any gain, capped at $1,287.40 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
Issue:Leveraged capped notes
Underlying index:S&P 500 index
Amount:$2,907,000
Maturity:Jan. 13, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 3 times any gain, capped at $1,287.40 per $1,000 principal amount; 1% loss for every 1% that index declines
Initial level:3,113.87
Pricing date:Dec. 2
Settlement date:Dec. 9
Agent:TD Securities (USA) LLC
Fees:None
Cusip:89114R6G6

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