Published on 3/17/2024 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $523,000 capped buffered notes linked to S&P 500
By Kiku Steinfeld
Chicago, March 18 – Toronto-Dominion Bank priced $523,000 of 0% capped buffered notes July 8, 2024 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 16.6%.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Capped buffered notes
|
Underlying index: | S&P 500 index
|
Amount: | $523,000
|
Maturity: | July 8, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at par plus 16.6%; par if the index declines up to 10%; otherwise, 1% loss for every 1% decline of the index beyond 10%
|
Initial value: | 4,450.38
|
Buffer level: | 4,005.342; 90% of initial level
|
Pricing date: | June 30, 2023
|
Settlement date: | July 6, 2023
|
Agent: | TD Securities (USA) LLC
|
Fees: | 0.5%
|
Cusip: | 89114YZ53
|
|
|
© 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.