Published on 4/7/2024 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $400,000 capped notes linked to S&P 500
By Kiku Steinfeld
Chicago, April 8 – Toronto-Dominion Bank priced $400,000 of 0% capped notes due Aug. 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 100% of the return of the index capped at par plus 9%. Otherwise the payout will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Capped notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $400,000
|
| Maturity: | Aug. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 100% of index return capped at par plus 9%; otherwise par
|
| Initial level: | 4,398.95
|
| Upside leverage: | 100%
|
| Cap: | 9%
|
| Principal protection: | 100%
|
| Pricing date: | July 7, 2023
|
| Settlement date: | July 12, 2023
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.65%
|
| Cusip: | 89115F3C3
|
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