New Issue: TD Bank prices $334,000 capped notes linked to Dow, Nasdaq, S&P

By Kiku Steinfeld

Chicago, Feb. 21 – Toronto-Dominion Bank priced $334,000of 0% capped notes due Nov. 17, 2023 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus the return of that index, subject to a maximum payout of $1,097.50 per each $1,000 face amount of notes.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index, S&P 500 index
Amount:	$334,000
Maturity:	Nov. 17, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus return of lowest-performing index up to $1,097.50 per each $1,000 face amount of notes; otherwise, 1% loss for every 1% decline of worst performer
Initial values:	33,536.70 for Dow, 11,700.94 for Nasdaq, 3,957.25 for S&P
Pricing date:	Nov. 14, 2022
Settlement date:	Nov. 17, 2022
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89114YG39

© 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.