New Issue: TD Bank sells $9.22 million leveraged capped buffered notes on S&P 500

By Marisa Wong

Morgantown, W.Va., March 13 – Toronto-Dominion Bank priced $9.22 million of leveraged capped buffered notes due Sept. 11, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return, subject to a maximum payment of $1,090 per $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

TD Securities (USA) LLC and Goldman, Sachs & Co. are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500
Amount:	$9,219,000
Maturity:	Sept. 11, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 120% of any index gain, with return capped at 9%; par if index falls by up to 15%; 1.1765% loss for every 1% drop beyond 15%
Initial level:	2,375.31
Pricing date:	March 6
Settlement date:	March 13
Agents:	TD Securities (USA) LLC and Goldman, Sachs & Co.
Fees:	1.5%
Cusip:	89114QZM3

© 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.