Published on 7/15/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $74.54 million leveraged capped notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., July 15 – Toronto-Dominion Bank priced $74.54 million of 0% leveraged capped index-linked notes due Aug. 16, 2022 tied 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 150% of the index return, capped at $1,151.50 per $1,000 principal amount.
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: | $74,543,000
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Maturity: | Aug. 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at $1,151.50 per $1,000 principal amount; full exposure to losses
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Initial index level: | 4,384.63
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Pricing date: | July 12
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Settlement date: | July 19
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Agent: | TD Securities (USA) LLC
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Fees: | 0.95%
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Cusip: | 89114TMT6
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