Published on 6/3/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $2.57 million capped notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 3 – Toronto-Dominion Bank priced $2.57 million of 0% capped index-linked notes due June 4, 2026 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 the index gain, subject to a maximum return of par plus 36.4%.
Otherwise, the payout will be par.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Capped index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $2.57 million
|
Maturity: | June 4, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus the index gain, capped at 36.4%; otherwise, par
|
Initial level: | 4,132.15
|
Pricing date: | May 31
|
Settlement date: | June 3
|
Agent: | TD Securities (USA) LLC
|
Fees: | 0.5%
|
Cusip: | 89114Y3Z2
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.