By Wendy Van Sickle
Columbus, Ohio, Jan. 16 – Toronto-Dominion Bank priced $1.15 million of 0% dual directional buffered notes due Feb. 1, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 10%.
If the final index level is less than the initial index level by up to 9.8%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 9.8%, investors will lose 1.1086% for every 1% that the index declines beyond 9.8%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Dual directional buffered notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1.35 million
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| Maturity: | Feb. 1, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum upside return of 10%; if final index level is less than initial index level by up to 20%, par plus absolute value of index return; if final index level is less than initial index level by more than 9.8%, 1.1086% loss for every 1% that index declines beyond 9.8%
|
| Initial level: | 3,768.96
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Agent: | TD Securities (USA) LLC
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| Fees: | 1%
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| Cusip: | 89114RC95
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