Published on 12/31/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $3.71 million leveraged capped buffered notes on MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Toronto-Dominion Bank priced $3.71 million of 0% leveraged capped buffered notes due May 24, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any gain, capped at $1,374 per $1,000 principal amount. If the index declines by up to 15%, the payout will be par. Investors will lose 1.1756% for every 1% that the index declines beyond 15%.
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: | MSCI EAFE index
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Amount: | $3,711,000
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Maturity: | May 24, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.7 times any gain, capped at $1,374 per $1,000 principal amount; if index declines by up to 15%, par; investors will lose 1.1765% for every 1% that index declines beyond 15%
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Initial level: | 2,023.57
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Buffer level: | 1,720.0345, 85% of initial level
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Pricing date: | Dec. 19
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Settlement date: | Dec. 27
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Agent: | TD Securities (USA) LLC
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Fees: | 0%
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Cusip: | 89114RAD8
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