By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Toronto-Dominion Bank sold $4 million of 0% capped buffered return enhanced notes due Feb. 17, 2022 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any stock gain, up to a maximum payout of par plus 48%.
Investors will receive par if the stock falls by up to 10% and will receive 6.0154 Qualcomm shares if the stock falls by more than 10%.
Barclays is the agent. JPMorgan is the placement agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Capped buffered return enhanced notes
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| Underlying stock: | Qualcomm Inc.
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| Amount: | $4 million
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| Maturity: | Feb. 17, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2 times any stock gain, capped at 48%; par if stock falls by up to 10%; otherwise, 12.1142 Qualcomm shares
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| Initial stock price: | $91.72
|
| Buffer price: | $82.548, 90% of initial price
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 19
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| Agent: | Barclays
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| Placement agent: | JPMorgan
|
| Fees: | 1.5%
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| Cusip: | 891160SF1
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