By Wendy Van Sickle
Columbus, Ohio, Feb. 17 – Toronto-Dominion Bank priced $1.2 million 0% capped contingent absolute return buffered notes due Aug. 14, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index, capped at par plus 26.21%.
If the index falls by up to 25%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 25%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped contingent absolute return buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1.2 million
|
| Maturity: | Aug. 14, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the return of the index, capped at par plus 26.21%; if the index falls by up to 25%, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for each 1% decline of the index beyond 25%
|
| Initial level: | 4,090.46
|
| Buffer level: | 3,067.845; 75% of initial level
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 15
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.7%
|
| Cusip: | 89114YP54
|
|
|
© 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.
