Published on 10/10/2017 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.69 million market-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 10 – Toronto-Dominion Bank priced $1.69 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 4, 2022 linked to the Euro Stoxx 50 index, according to a 424B3 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 95%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50
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Amount: | $1,689,000
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Maturity: | Oct. 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of 95%; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20%
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Initial index level: | 3,594.85
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Buffer level: | 2,875.88, 80% of initial level
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agents: | TD Securities (USA) LLC and Wells Fargo Securities, LLC
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Fees: | 4.5%
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Cusip: | 89114QJN9
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