Published on 3/30/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $11.70 million Leveraged Index Return Notes on Russell
By Marisa Wong
Los Angeles, March 30 – Toronto-Dominion Bank priced $11,697,980 of 0% Capped Leveraged Index Return Notes due May 27, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any index gain, up to a maximum payout of par plus 14.21%.
If the index falls by up to 5%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 5%.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped Leveraged Index Return Notes
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Underlying index: | Russell 2000 index
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Amount: | $11,697,980
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Maturity: | May 27, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 2 times any index gain, capped at par plus 14.21%; if index falls by up to 5%, par; otherwise, 1% loss for every 1% index decline beyond 5%
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Initial level: | 2,183.121
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Threshold level: | 2,073.965, 95% of initial level
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Final level: | Average of index closing levels on each of the five trading days ending May 24, 2022
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Pricing date: | March 25
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Settlement date: | April 1
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 891160186
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