New Issue: TD Bank sells $2.28 million digital notes linked to Wynn Resorts

By Sarah Lizee

Olympia, Wash., April 21 – Toronto-Dominion Bank priced $2.28 million of 0% digital notes due April 30, 2021 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the final stock level is greater than or equal to 65% of the initial stock level, the payout at maturity will be par plus 23.5%.

If the stock finishes below the 65% buffer level, investors will lose 1.5385% for every 1% stock decline beyond 35%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying stock:	Wynn Resorts, Ltd.
Amount:	$2,275,000
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final stock level is greater than or equal to 65% of the initial stock level, par plus 23.5%; if the stock finishes below the 65% buffer level, investors will lose 1.5385% for every 1% stock decline beyond 35%
Initial level:	$74.48
Buffer level:	$48.412, 65% of initial level
Strike date:	April 14
Pricing date:	April 15
Settlement date:	April 20
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RJM9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.