Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.05 million leveraged barrier notes tied to Dow, Nasdaq, Russell
Chicago, May 18 – Toronto-Dominion Bank priced $1.05 million of 0% leveraged barrier notes due Oct. 30, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 130.5% of any gain in the least performing index.
If the worse performing index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performer below its initial level.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged barrier notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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Amount: | $1,050,000
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Maturity: | Oct. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130.5% of any gain of least performing index; par if worse performing index falls by up to 40%; otherwise, full exposure to decline of worst performer from initial level
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Initial levels: | 35,490.69 for Dow, 15,598.39 for Nasdaq, 2,252.491 for Russell
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Barrier levels: | 21,294.414 for Dow, 9,359.034 for Nasdaq, 1,351.4946 for Russell; 60% of initial levels
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Pricing date: | Oct. 27, 2021
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Settlement date: | Oct. 29, 2021
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Agent: | TD Securities (USA) LLC
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Fees: | 3.5%
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Cusip: | 89114TU26
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