Published on 4/28/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $13.03 million leveraged capped buffered notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, April 28 – Toronto-Dominion Bank priced $13.03 million of 0% leveraged capped buffered notes due July 24, 2024 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 140% of the index return, capped at $1,368.76 per $1,000 of notes.
Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1.1765% for every 1% index decline beyond 15%.
TD Securities (USA) LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Underlying index: | S&P 500 index
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Amount: | $13,028,000
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Maturity: | July 24, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain, capped at $1,368.76 per note; par if index falls by up to 15%; 1.1765% loss for every 1% index decline beyond 15% buffer
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Initial index level: | 4,296.12
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Buffer level: | 3,651.702, 85% of initial level
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Pricing date: | April 25
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Settlement date: | May 2
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Agent: | TD Securities (USA) LLC
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Selected dealer: | Simon Markets LLC
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Fees: | 0%
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Cusip: | 89114VD46
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