New Issue: TD Bank prices $535,000 capped leveraged notes linked to S&P 500

By Kiku Steinfeld

Chicago, July 14 – Toronto-Dominion Bank priced $535,000 of 0% capped leveraged notes due March 14, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,093.75 for each $1,000 principal amount.

If the index declines, investors will be exposed to the decline, subject to a minimum payout of 97% of par.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged notes
Underlying index:	S&P 500 index
Amount:	$535,000
Maturity:	March 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 9.375%; exposure to losses, subject to minimum payout of 97% of par
Initial level:	4,090.46
Pricing date:	Feb. 10
Settlement date:	Feb. 15
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89114YP88

© 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.