New Issue: TD Bank sells $510,000 capped notes due 2022 tied to three stocks

By Sarah Lizee

Olympia, Wash., May 28 – Toronto-Dominion Bank priced $510,000 of capped notes due May 18, 2022 linked to the least performing of the common stocks of ConocoPhillips, Chevron Corp. and Exxon Mobil Corp., according to a 424B2 filed with the Securities and Exchange Commission.

If the return of each stock is positive, the payout at maturity will be par plus the return of the least performing stock, subject to a maximum payout of $1,250 per $1,000 of notes.

If any stock finishes at or below its initial level, the payout will be par.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying stocks:	ConocoPhillips, Chevron Corp. and Exxon Mobil Corp.
Amount:	$510,000
Maturity:	May 18, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the return of each stock is positive, par plus the return of the least performing stock, subject to a maximum payout of $1,250 per $1,000 of notes; if any stock finishes at or below its initial level, par
Initial levels:	$62.10 for ConocoPhillips, $120.52 for Chevron, $75.91 for Exxon
Pricing date:	May 17
Settlement date:	May 24
Agent:	TD Securities (USA) LLC
Fees:	2.69%
Cusip:	89114QS33

© 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.