Published on 4/28/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $6.53 million accelerated return notes on Stoxx
By Sarah Lizee
Olympia, Wash., April 28 – Toronto-Dominion Bank priced $6.53 million of 0% accelerated return notes due June 25, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 3 times the return of the index, capped at par plus 24.36%.
Investors will be fully exposed to any decline in the index.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated return notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $6,532,470
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Maturity: | June 25, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 3 times the return of the index, capped at par plus 24.36%; full exposure to any loss
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Initial level: | 2,852.46
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Pricing date: | April 23
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Settlement date: | April 30
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Underwriter: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 891160467
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