By Sarah Lizee
Olympia, Wash., June 9 – Toronto-Dominion Bank priced $125,000 of 0% dual directional buffered notes due June 17, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside return of 7%.
If the final index level is less than the initial index level by up to 15.6%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 15.6%, investors will lose 1.1848% for every 1% that the index declines beyond 15.6%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Dual directional buffered notes
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| Underlying index: | S&P 500
|
| Amount: | $125,000
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| Maturity: | June 17, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum upside return of 7%; if final index level is less than initial index level by up to 15.6%, par plus absolute value of index return; if final index level is less than initial index level by more than 15.6%, 1.1848% loss for every 1% that index declines beyond 15.6%
|
| Initial level: | 2,579.0361
|
| Buffer level: | 84.4% of initial level
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| Pricing date: | June 2
|
| Settlement date: | June 5
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| Agent: | TD Securities (USA) LLC
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| Fees: | 1%
|
| Cusip: | 89114RLS3
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