Published on 7/25/2019 in the Prospect News Structured Products Daily.
New Issue: TD prices $1.05 million capped leveraged buffered notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., July 25 – Toronto-Dominion Bank priced $1.05 million of 0% capped leveraged buffered notes due Jan. 24, 2022 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 110% of any index gain, up to a maximum settlement amount of $1,341.44 per $1,000 of notes.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Capped leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $1,053,000
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Maturity: | Jan. 24, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any index gain, subject to $1,341.44 maximum settlement amount per $1,000 of notes; par if index falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial level: | 2,976.61
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Buffer level: | 2,976.61, 85% of the initial level
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Pricing date: | July 19
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Settlement date: | July 22
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Agent: | TD Securities (USA) LLC
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Fees: | 0.5%
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Cusip: | 89114Q3W6
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