E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Accelerated return notes
Underlying index:Euro Stoxx 50 index
Amount:$6,532,470
Maturity:June 25, 2021
Coupon:0%
Price:Par
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
Initial level:2,852.46
Pricing date:April 23
Settlement date:April 30
Underwriter:BofA Securities, Inc.
Fees:2%
Cusip:891160467

© 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.