Published on 12/14/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $305,000 capped buffered return enhanced notes on basket
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – Toronto Dominion Bank priced $305,000 of 0% capped buffered return notes due June 1, 2022 linked to an equally-weighted basket containing six stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket contains the common stocks of Bank of America Corp., Caterpillar Inc., Expedia Group, Inc., Honeywell International Inc., Lyft, Inc. and Wynn Resorts, Ltd.
The payout at maturity will be par plus any basket gain up to par plus 21.4%.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond the 15% buffer.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto Dominion Bank
|
Issue: | Capped buffered return notes
|
Underlying basket: | Bank of America Corp., Caterpillar Inc., Expedia Group, Inc., Honeywell International Inc., Lyft, Inc. and Wynn Resorts, Ltd., equal weights
|
Amount: | $305,000
|
Maturity: | June 1, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any basket gain, capped at par plus 21.4%; if basket falls by up to 15%, par; otherwise, 1.1765% loss for each 1% decline beyond buffer
|
Initial levels: | $28.99 for BofA, $175.08 for Caterpillar, $123.73 for Expedia, $209.41 for Honeywell, $39.04 for Lyft, $101.22 for Wynn
|
Buffer level: | 85% of initial level
|
Pricing date: | Nov. 27
|
Settlement date: | Dec. 4
|
Agent: | TD Securities (USA) LLC
|
Fees: | 1.25%
|
Cusip: | 89114RYZ3
|
|
© 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.