Published on 4/28/2016 in the Prospect News Green Finance Daily and Prospect News Structured Products Daily.
New Issue: TD Bank prices $1.11 million notes linked to Raymond James sustainability stocks
By Susanna Moon
Chicago, April 28 – Toronto-Dominion Bank priced $1.11 million of 0% notes due May 12, 2017 linked to a basket of 14 equally weighted stocks selected in March by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Casella Waste Systems, Inc., CatchMark Timber Trust, Inc., Covanta Holding Corp., Fleetmatics Group plc, Kansas City Southern, Mercer International, Inc., Pattern Energy Group Inc., Potlatch Corp., Republic Services, Inc., Silver Spring Networks, Inc., SunPower Corp., Union Pacific Corp., Waste Connections, Inc. and Weyerhaeuser Co.
The payout at maturity will be 97% of the basket return.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Raymond James sustainability equity securities-linked notes
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Underlying stocks: | Casella Waste Systems, Inc., CatchMark Timber Trust, Inc., Covanta Holding Corp., Fleetmatics Group plc, Kansas City Southern, Mercer International, Inc., Pattern Energy Group Inc., Potlatch Corp., Republic Services, Inc., Silver Spring Networks, Inc., SunPower Corp., Union Pacific Corp., Waste Connections, Inc. and Weyerhaeuser Co.
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Amount: | $1,112,000
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Maturity: | May 12, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | 97% of basket return
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Pricing date: | April 22
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Settlement date: | April 29
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Agent: | TD Securities (USA) LLC
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Fees: | 2%
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Cusip: | 89114QVC9
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