New Issue: TD Bank prices $1.5 million capped buffered notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 19 – Toronto-Dominion Bank priced $1.5 million of 0% capped buffered notes due July 21, 2025 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 18.2%.

Investors will receive par if the index finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered notes
Underlying index:	S&P 500 index
Amount:	$1.5 million
Maturity:	July 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 18.2%; par if the index declines up to 20%; otherwise, 1% loss for every 1% decline of the index beyond 20%
Initial value:	4,765.98
Buffer level:	3,812.784; 80% of initial level
Pricing date:	Jan. 16
Settlement date:	Jan. 19
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89115FNN7

© 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.