Published on 10/4/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $3.75 million capped notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Toronto-Dominion Bank priced $3.75 million of 0% capped notes due Oct. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par plus the index return, capped at par plus 83.15%.
Otherwise, investors will receive par.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped notes
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Underlying index: | S&P 500 index
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Amount: | $3.75 million
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Maturity: | Oct. 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 83.15%; otherwise, par
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Initial value: | 3,640.47
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Strike date: | Sept. 29
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | TD Securities (USA) LLC
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Fees: | 1.8%
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Cusip: | 89114YDX6
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