By Kiku Steinfeld
Chicago, Dec. 7 – Toronto-Dominion Bank priced $4.8 million of 0% leveraged capped index-linked notes due May 11, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at 18.15%.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $4.8 million
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Maturity: | May 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 18.15%; full exposure to losses
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Initial index level: | 3,557.54
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Pricing date: | Nov. 20
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Settlement date: | Nov. 30
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Agent: | TD Securities (USA) LLC
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Fees: | 1.45%
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Cusip: | 89114RYE0
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