Published on 2/21/2024 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $10.17 million capped buffered notes on Nasdaq-100 Technology Sector
By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – Toronto-Dominion Bank priced $10.17 million of 0% capped buffered index-linked notes due Aug. 19, 2025 tied to the Nasdaq-100 Technology Sector 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 the index return, subject to a maximum payout of par plus 21.8%.
Investors will receive par if the index finishes flat or falls by up to 20% and will lose 1% for every 1% index decline beyond 20%.
TD Securities (USA) LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped buffered index-linked notes
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Underlying index: | Nasdaq-100 Technology Sector index
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Amount: | $10,174,000
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Maturity: | Aug. 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 21.8%; par if index falls by up to 20%; 1% loss for every 1% index decline beyond 20%
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Initial index level: | 10,347.87
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Buffer level: | 8,278.296; 80% of initial level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agents: | TD Securities (USA) LLC and Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 89115FS69
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