Daily Fixed Income Offering Selection
Transcription
Daily Fixed Income Offering Selection
Daily Fixed Income Offering Selection January 23, 2015 The Daily Fixed Income Offering Selection provides you with a sample of fixed income offerings currently available through TD Ameritrade Institutional. For more information on these securities, or any fixed income product offerings available through TD Ameritrade Institutional, please contact a Specialist on the Institutional Fixed Income Desk at 800-355-2297 or visit Veo® at Trading>Fixed Income>Offerings. New Issue CDs CDs FDIC Insured up to applicable account lim it, Survivor Option (Eligibility and/or allow able put back quantities w ill vary by account type) Brokered CD's are subject to interest rate-driven secondary market fluctuations, meaning, the resale prices of it Qty Market Description Coupon Min/Incr/MBR Execution Pay Freq. CUSIP Maturity 263 Primary 1// PEOPLES UNITED BANK (CT) 71270QLN4 Non-callable, 3 month 0.2 Close Date Trade Date 1/28/2015 4/28/2015 1/27/2015 SANTANDER BANK (DE) 0.3 1/28/2015 80280JDF5 4/28/2015 1/27/2015 SANTANDER BANK (DE) 0.4 1/28/2015 80280JDD0 7/28/2015 1/27/2015 BANK OF INDIA (NY) 0.4 1/30/2015 Temp 7/29/2015 1/29/2015 0.45 1/28/2015 Maturity 996 Primary 1// Non-callable, 3 month Maturity 1000 Primary 1// Non-callable, 6 month Maturity 833 Primary 1// Non-callable, 6 month Maturity 1394 Primary 1// SANTANDER BANK (DE) 80280JDG3 Non-callable, 9 month 10/28/2015 1/27/2015 0.5 1/30/2015 Maturity 594 Primary 1// BANK OF INDIA (NY) Temp Non-callable, 1 year 1/27/2016 1/29/2015 0.5 1/28/2015 Maturity 1086 Primary 1// SANTANDER BANK (DE) 1/28/2016 1/27/2015 APPLE BANK (NY) 80280JDE8 Non-callable, 1 year 0.3 2/4/2015 03784JEU4 2/4/2016 2/3/2015 DISCOVER BANK (DE) 0.55 1/28/2015 254672FZ6 7/28/2016 1/27/2015 GOLDMAN SACHS BANK (NY) 0.6 1/28/2015 38148JJE2 7/28/2016 1/27/2015 0.9 1/28/2015 Maturity 970 Primary 1// Non-callable, 1 year Maturity 830 Primary 1// Non-callable, 18 month Semi-Annual 384 Primary 1// Non-callable, 18 month Semi-Annual 7 Primary 1// DISCOVER BANK (DE) 254672GA0 Non-callable, 2 year 1/30/2017 1/27/2015 0.9 1/28/2015 Semi-Annual 339 Primary 1// GOLDMAN SACHS BANK USA (NY) 38148JJF9 Non-callable, 2 year 1/30/2017 1/27/2015 1.05 1/29/2015 Semi-Annual 933 Primary 1// ALLY BANK (UT) 02006LNJ8 Non-callable, 30 month 7/31/2017 1/28/2015 1.25 1/29/2015 1/29/2018 1/28/2015 GOLDMAN SACHS BANK USA (NY) 1.35 1/28/2015 38148JJH5 1/29/2018 1/27/2015 GOLDMAN SACHS BANK USA (NY) 1.7 1/28/2015 38148JJJ1 1/28/2019 1/27/2015 2 1/28/2015 Semi-Annual 850 Primary 1// ALLY BANK (UT) 02006LNF6 Non-callable, 3 year Semi-Annual 208 Primary 1// Non-callable, 3 year Semi-Annual 145 Primary 1// Non-callable, 4 year Semi-Annual 655 Primary 1// GOLDMAN SACHS BANK USA (NY) 38148JJK8 Non-callable, 5 year 1/28/2020 1/27/2015 1.8 1/30/2015 Semi-Annual 14 Primary 1// THE PRIVATEBANK AND TRUST (IL) 1/30/2020 1/29/2015 GOLDMAN SACHS BANK USA (NY) 74267GUW5 Non-callable, 5 year 2.4 1/28/2015 38148JJM4 1/28/2022 1/27/2015 FIRST NATIONAL BANK OF AMERICA (MI) 2.3 1/30/2015 32110YFP5 1/30/2024 1/29/2015 GOLDMAN SACHS BANK USA (NY) 2.9 1/28/2015 38148JJQ5 1/28/2025 1/27/2015 GOLDMAN SACHS BANK USA (NY) 3 2/11/2015 38148JJR3 2/11/2030 2/10/2015 Semi-Annual 309 Primary 1// Non-callable, 7 year Semi-Annual 709 Primary 1// Callable, 9 year Monthly 232 Primary 1// Non-callable, 10 year Semi-Annual 909 Primary 1// Callable, 15 Year Semi-Annual Page 1 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 New Issue Corporate Offerings New Issue Corporate Offerings CUSIP Rating Outlook Coupon Term Callable Closing Date Survivors Option up to applicable limits Goldman Sachs Notes 38143C2V2 Baa1/A- Negative 3.25% 14 Year No Call 26-Jan Yes Goldman Sachs Notes 38143C2W0 Baa1/A- Negative 3.75% 28 Year No Call 26-Jan Yes Issuer Secondary Corporate Offerings Corporate Offerings CUSIP Qty 26138EAM1 65 29364GAG8 70 72447XAC1 93 460146CA9 30 959802AP4 25 36966R5F9 12 06406HCW7 50 913017BV0 15 88579YAF8 10 042735BC3 36966TGM8 12612WAB0 Issue Ratings DR PEPPER SNAPPLE GROUP INC Non Callable, Make Whole Calls, Spec Baa1/BBB+/--Redemp, NYBE, SUBSIDIARY GUARANTORS ENTERGY CORP NEW Callable, Next Call 12-15-2016 @ 100.000, Make Whole Baa3/BBB-/--Calls, NYBE PITNEY BOWES INC GLBL MTN Non Callable, Make Whole Calls, Spec Baa2/BBB/BBBRedemp, NYBE PBI INTL PAPER CO Non Callable, Make Whole Calls, Spec Redemp, NYBE, Baa2/BBB/--POISON PUT @ 101%; SUBJ TO RATINGS TRIGG WESTERN UN CO Non Callable, Make Baa2/BBB/BBB+ Whole Calls, Spec Redemp, NYBE GE CAPITAL INTERNOTES Non A1/AA+/--Callable, Spec Redemp, NYBE BANK NEW YORK MTN BK ENT Cont A1/A+/AACallable, NYBE UNITED TECHNOLOGIES CORP Non A2/A/A Callable, Make Whole Calls, NYBE 3M CO Non Callable, NYBE ARROW ELECTRS INC Cont Callable, 50 Make Whole Calls, Spec Redemp, NYBE GENERAL ELECTRIC CAPITAL CORP 100 Callable, Next Call 09-17-2015 @ 100.000, Spec Redemp, NYBE CNF INC Non Callable, Make Whole 94 Calls, NYBE Coupon Maturity Pay Frequency YTM YTW Price 2.9 1/15/2016 Semi-Annually 0.681 0.681 102.128 4.7 1/15/2017 Semi-Annually 1.637 1.509 105.896 5.75 9/15/2017 Semi-Annually 1.594 1.594 110.663 7.95 6/15/2018 Semi-Annually 2.141 2.141 118.844 3.65 8/22/2018 Semi-Annually 2.144 2.144 105.143 4.8 12/15/2018 Semi-Annually 1.982 1.982 110.473 2.3 9/11/2019 Semi-Annually 1.85 3.1 6/1/2022 Semi-Annually 2.434 2.434 104.449 Aa2/AA-/--- 2 6/26/2022 Semi-Annually 1.906 1.906 100.649 Baa3/BBB-/BBB- 4.5 3/1/2023 Semi-Annually 3.58 A1/AA+/--- 4 9/17/2032 Quarterly 3.955 3.087 100.572 Baa3/BBB-/BBB- 6.7 5/1/2034 Semi-Annually 5.383 5.383 115.653 1.843 101.981 3.556 106.411 Page 2 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 Municipal Offerings Municipal Offerings CUSIP Qty Issue Ratings Insurer Underlying State Coupon Maturity Pay Frequency YTM YTW Price ---/---/--- OK 3.030 6/1/2016 Semi-Annually 0.717 0.717 103.082 67884E6H7 70 OKLAHOMA DEV FIN AUTH LEASE RE LEASE REV BDS Ser 2010-B, Non Callable, Subject to Income Tax 83768TAR5 15 SOUTH EL MONTE CALIF IMPT DIST TAX ALLOC BDS Ser 2007 A, Callable, Next Call 08-01-2017 @ 100.000, Subject to Income Tax, Mandatory Sinking Fund ---/A-/--- RADIA ---/A-/--- CA 5.750 8/1/2022 Semi-Annually 4.566 2.659 107.453 922252DQ1 265 VARNER CREEK UTIL DIST TEX ULT TAX BDS Ser 2007, Callable, Next Call 08-15-2017 @ 100.000, Bank Qualified, Mandatory Sinking Fund A3/-/--- NATL Baa1/---/--- TX 4.150 8/15/2022 Semi-Annually 3.109 1.364 106.951 645913BB9 50 NEW JERSEY ECONOMIC DEV AUTH S REV BDS Ser 1997 B, Non Callable, Subject to Income Tax A2/AA/--- FSA A2/A-/--- NJ 0.000 2/15/2023 At-Maturity 4.016 4.016 72.616 696735MC0 55 PALMDALE CALIF SCH DIST GO BDS Ser B, Callable, Next Call 08-01-2023 @ 100.000 A1/AA/--- BAM A1/A+/--- CA 3.250 8/1/2025 Semi-Annually 2.647 2.528 105.497 29137RAM7 5 EMMAUS PA GEN AUTH SCH LEASE R REV BDS CAREER INSTITUTE OF TECHNOLOGY Ser A, Callable, Next Call 11-15-2019 @ 100.000, Bank Qualified ---/AA/--- BAM ---/A/--- PA 3.000 11/15/2025 Semi-Annually 2.626 2.227 103.497 424092GG3 90 HEMPSTEAD N Y UN FREE SCH DIST CONSTR BDS Ser 2013, Non Callable, Subject to Income Tax ---/A+/--- ---/---/--- NY 5.250 7/15/2026 Semi-Annually 3.801 3.801 113.365 006116BH9 10 ADAMS CNTY PA INDL DEV AUTH RE REV BDS GETTYSBURG COLLEGE Ser 2010, Callable, Next Call 08-15-2020 @ 100.000 A2/A/--- A2/---/--- PA 5.000 8/15/2026 Semi-Annually 3.408 2.102 115.096 668844HM8 15 NORWALK CONN GO REF BDS Ser 2012 A, Callable, Next Call 07-15-2022 @ 100.000 Aaa/AAA/--- Aaa/---/--- CT 3.000 7/15/2028 Semi-Annually 2.804 2.674 102.19 140861HS7 445 CARBON CNTY PA GO BDS Ser 2011A, Callable, Next Call 12-01-2016 @ 100.000, Bank Qualified A2/AA/--- ---/AA-/--- PA 3.625 12/1/2028 Semi-Annually 3.091 0.365 105.978 97710BDF6 30 WISCONSIN ST HEALTH & EDL FACS REV BDS MEDICAL COLLEGE OF WISCONSIN INC Ser 2008A, Callable, Next Call 12-01-2018 @ 100.000, Mandatory Sinking Fund A1/A+/--- A1/---/--- WI 5.125 12/1/2028 Semi-Annually 3.947 1.755 112.465 515192HT2 40 LANE CNTY ORE FULL FAITH AND CREDIT OBLIGATIONS Ser 2009A, Callable, Next Call 11-01-2019 @ 100.000, Bank Qualified Aa3/-/--- Aa3/---/--- OR 4.375 11/1/2029 Semi-Annually 3.285 1.6 112.662 646039VJ3 235 NEW JERSEY ST GO BDS Callable, Next Call 06-01-2025 @ 100.000 A1/A/A A1/---/--- NJ 3.250 6/1/2030 Semi-Annually 3.261 3.261 99.86 8628112H8 10 STRATFORD CONN GO BDS Ser 2012, Callable, Next Call 08-15-2017 @ 100.000 A1/AA/--- A1/---/--- CT 3.000 8/15/2031 Semi-Annually 3.063 3.063 99.184 ---/AA/AA AGMC Page 3 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 Municipal Offerings continued.. CUSIP Qty Issue Ratings Insurer Underlying State Coupon Maturity Pay Frequency YTM YTW Price ---/---/--- LA 3.000 3/1/2032 Semi-Annually 3.072 3.072 99.05 689861ND0 50 OUACHITA PARISH LA EAST OUACHI GO SCH BDS Ser 2015, Callable, Next Call 03-01-2025 @ 100.000 ---/AA-/--- 732098FW3 215 POMONA CALIF UNI SCH DIST GO BDS Ser F, Callable, Next Call 08-01-2024 @ 100.000 A1/AA/--- BAM A1/A/--- CA 3.125 8/1/2032 Semi-Annually 3.173 3.173 99.36 862488FE8 70 STOWE TWP PA GO REF BDS Ser 2012, Callable, Next Call 08-01-2017 @ 100.000, Bank Qualified, Mandatory Sinking Fund ---/AA/--- AGMC ---/A+/--- PA 3.500 8/1/2032 Semi-Annually 3.357 2.718 101.883 732098FX1 165 POMONA CALIF UNI SCH DIST GO BDS Ser F, Callable, Next Call 08-01-2024 @ 100.000 A1/AA/--- BAM A1/A/--- CA 3.125 8/1/2033 Semi-Annually 3.178 3.178 99.269 011415PH3 25 ALAMO TEX CMNTY COLLEGE DIST LTD GO REF BDS Ser 2012, Callable, Next Call 08-15-2022 @ 100.000 Aaa/---/--- TX 3.500 8/15/2033 Semi-Annually 3.291 3.068 102.888 95984RAW0 20 WESTERN VA REGL JAIL AUTH VA R JAIL REV BDS Ser 2007, Callable, Next Call 06-01-2017 @ 100.000, Mandatory Sinking Fund Aa3/-/--- Aa3/---/--- VA 4.250 6/1/2034 Semi-Annually 3.954 2.49 103.977 649902Y72 65 NEW YORK ST DORM AUTH ST PERS REV BDS Ser 2010F, Callable, Next Call 02-15-2020 @ 100.000, Mandatory Sinking Fund Aa1/AAA/AA+ Aa1/---/--- NY 5.000 2/15/2035 Semi-Annually 3.855 1.703 115.881 64990EYW1 145 NEW YORK ST DORM AUTH ST PERS REV BDS Ser 2015A, Callable, Next Call 03-15-2025 @ 100.000 ---/AAA/AA+ ---/---/--- NY 4.000 3/15/2035 Semi-Annually 3.333 2.887 109.716 39168ADP5 10 GREATER CLARK CNTY SCH BDLG CO REF FIRST MTG BDS Ser 2014A, Callable, Next Call 07-15-2024 @ 100.000 ---/AA+/--- ---/---/--- IN 4.000 1/15/2037 Semi-Annually 3.53 3.123 107.139 847113BW6 50 SPARTANBURG S C REGL HEALTH SV HOSP REF REV BDS Ser 2012 A, Callable, Next Call 04-15-2022 @ 100.000, Mandatory Sinking Fund A1/A/A+ A1/---/--- SC 5.000 4/15/2037 Semi-Annually 4.093 2.962 113.143 Aa3/AA-/--- Aa3/---/--- WI 5.000 8/15/2037 Semi-Annually 4.355 2.284 109.204 A1/A+/--- AL 6.000 6/1/2039 Semi-Annually 4.861 2.09 116.145 Aa2/---/--- CO 5.250 11/15/2042 Semi-Annually 4.413 1.617 113.326 Baa2/BBB/--- TX 5.000 1/1/2043 Semi-Annually 4.219 3.168 112.748 WISCONSIN ST HEALTH & EDL FACS REF REV BDS CHILDRENS HOSP OF WISCONSIN INC Ser 2008A, Callable, Next Call 08-15-2018 @ 100.000, Mandatory Sinking Fund BIRMINGHAM ALA SPL CARE FACS F REV BDS CHILDRENS HOSP OF ALABAMA Ser 2009, Callable, Next Call 06-01-2019 @ 100.000, Mandatory Sinking Fund Aaa/AA+/--- MBIA 97710BCN0 15 090929FV7 10 196632ET6 20 COLORADO SPRINGS COLO UTILS RE UTILITY SYS IMPT RE Ser 2008-C, Callable, Next Call 11-15-2018 @ 100.000, Mandatory Sinking Fund 155498DD7 65 CENTRAL TEX REGL MOBILITY AUTH REV REF BDS Ser 2013 A, Callable, Next Call 01-01-2023 @ 100.000, Mandatory Sinking Fund 196632EZ2 25 COLORADO SPRINGS COLO UTILS RE UTILITY SYS IMPT RE Ser 2008-C, Callable, Next Call 11-15-2018 @ 100.000, Mandatory Sinking Fund Aa2/AA/AA Aa2/---/--- CO 5.500 11/15/2048 Semi-Annually 4.586 1.274 115.616 837151JG5 50 SOUTH CAROLINA ST PUB SVCS AUT REV OBLIGS SANTEE COOPER Ser 2013E, Callable, Next Call 12-01-2023 @ 100.000, Mandatory Sinking Fund A1/AA-/A+ A1/---/--- SC 5.000 12/1/2048 Semi-Annually 4.226 3.188 113.864 A1/AA/--- AGC Aa2/AA/AA A2/AA/--- SAGMC Page 4 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 Treasury Rates TREASURIES Term Maturity Today's Yield 1 mo. Bill 2/19/2015 0.005 3 mos. Bill 4/23/2015 0.015 6 mos. Bill 7/23/2015 0.066 12 mos. Bill 1/7/2016 0.152 2 Year December 2016 0.495 5 Year December 2019 1.324 10 Year November 2024 1.813 30 Year November 2044 2.380 TD AMERITRADE Cash Rates Effective June 1, 2010. Subject to change without prior notice. Interest Rate Annual Percentage Yield <$1,999 0.00999% 0.01% $2,000.00 - $9,999.99 0.00999% 0.01% $10,000.00 - $24,999.99 0.00999% 0.01% $25,000.00 - $99,999.99 0.00999% 0.01% $100,000.00+ 0.00999% 0.01% Dollar Range TD Ameritrade FDIC Insured Deposit Account (IDA12)* Effective September 1, 2011. Subject to change without prior notice. Interest Rate Annual Percentage Yield $0.01-$4,999.99 0.00999% 0.01% $5,000.00 - $24,999.99 0.00999% 0.01% $25,000.00 - $99,999.99 0.00999% 0.01% $100,000.00 - $199,999.99 0.00999% 0.01% $200,000.00+ 0.00999% 0.01% Dollar Range Page 5 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 TD Asset Management USA Funds* Money Market Rate Table Effective Date: January 24, 2012 Portfolio 7-Day Current Yield 7-Day Effective Yield Sweep Vehicles TDAM Municipal Money Market Portfolio – Class A (ZTD79) TDAM California Municipal Money Market Portfolio – Class A (ZTD87) TDAM New York Municipal Money Market Portfolio – Class A (ZTD88) 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% Position Traded Funds TDAM Money Market Portfolio – Premium Class (NPLXX) 0.01% 0.01% $25k initial purchase minimum / $100k minimum household equity Please contact your service team for questions regarding Money Markets. Mutual fund investors should consider a Fund's investment objectives, risks, and charges and expenses carefully before investing. This, and other information regarding the Funds, is included in the prospectus, which may be obtained by calling 800-431-3500, option 1 or writing to TD AMERITRADE, Inc., P.O. Box 2209, Omaha, Nebraska 68103-2209. Please read the prospectus carefully prior to investing. Page 6 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 Performance information represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Although the Funds have no transaction fees, there are other fees and expenses that apply to an investment in a Fund and these fees are described in the prospectus. The investment manager and its affiliates from time to time may waive certain of these fees or assume certain of these expenses in an effort to maintain certain net yields for the Funds. Accordingly, any waiver or expense reduction will have the effect of increasing yield to investors during the period of the expense reduction. Certain of each Fund’s fees are currently being waived voluntarily in an effort to maintain certain net yields. The performance information shown above reflects such voluntary fee waivers, which may be reduced or eliminated at any time. An investment in the Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds. The TDAM California Municipal Money Market Portfolio and TDAM New York Municipal Money Market Portfolio are non-diversified funds and there is no guarantee that their income will be exempt from federal or state income tax. Tax exempt portfolios may be subject to the alternative minimum tax. Prospective investors should consult their own professional advisers about the tax implications of making an investment in, or holding or disposing of, shares of a Fund, and about the tax implications of distributions of income from a Fund. Shares of the Funds are distributed by SEI Investments Distribution Co. * Cash in the IDA is held at TD Bank, N.A., TD Bank USA, N.A., or both. Assets at each bank will be eligible for FDIC insurance of up to $250,000 per depositor. Because there are two banks in the IDA program, IDA balances could be covered for up to $500,000 per depositor. TD Bank N.A. and TD Bank USA, N.A. are affiliates of TD Ameritrade. Interest rates paid on balances in the IDA are based on tiers. The previous day's closing balance determines eligibility for a particular tier each day. Simple interest is accrued daily based on the interest rate tier applicable to each day's balance, and is credited to your account on the last business day of the month. In accordance with the Client Agreement, TD Ameritrade may change the tiers and rates at its discretion and without notice and is not obligated to pay different rates between tiers. Rate changes may vary by program, location or arrangement. TD Bank, N.A. and TD Bank USA, N.A. (“the Banks”) use Insured Deposit Account balances to fund current and new investment and lending activity. The Banks seek to make a profit by achieving a positive spread between their cost of funds (for example, deposits) and the return on their assets, net of expenses. TD Ameritrade receives a fee from the Banks for marketing, recordkeeping, and support services in connection with the Insured Deposit Accounts. In exchange for providing these services, the Banks pay TD Ameritrade an aggregate marketing fee based on the weighted average yield earned on the client Insured Deposit Account balances, less the actual interest paid to clients, a servicing fee to the Banks of 25 basis points (subject to adjustment), and the cost of FDIC insurance premiums. TD Ameritrade has the right to waive all or part of this fee. The rate of the fee that TD Ameritrade receives may exceed the interest rate or effective yield that you receive in your balances in the Insured Deposit Accounts, and the payment of the fee reduces the yield that you receive. Other than the applicable fees charged on brokerage accounts, there will be no charges, fees, or commissions imposed on your account for this cash sweep feature. The current Insured Deposit Account interest rate will be disclosed on the TD Ameritrade website and may be changed without prior notice. ** Effective August 11, 2009. Subject to change without prior notice. Please call 800-431-3500, option 1 for current rates. Please Note: Investors should carefully consider the investment objectives and policies, risk considerations, charges and/or fees and ongoing expenses of any investment company security Unit Investment Trust or Structured Product before investing. A prospectus contains this and other important information. To learn how to obtain a prospectus containing this and other important information, please consult with our Fixed Income Trading Desk at 800-355-2297. Please read the prospectus carefully before you invest. Additionally, investors should consult their accounting, legal or tax advisor prior to investing. For a complete list or terms and definitions, please visit www.investinginbonds.com Diversification does not guarantee against loss. Investors should keep in mind that investing in UITs is typically a long-term strategy and should consider the tax consequences of, and their ability to pursue, investing in successive trusts. TD AMERITRADE does not provide tax advice. Please consult a qualified tax advisor with regard to your personal circumstances. Investment return and principal value will fluctuate depending on market conditions. When units are redeemed, they may be worth more or less than their original purchase price, depending on the value of the underlying securities at that time. Additionally, the trust may terminate earlier than the specified termination date as stated in the prospectus. Page 7 of 8 Please see the last page of this document for important disclosures Daily Fixed Income Offering Selection January 23, 2015 Structured Products are customizable, financially engineered investments designed, created and packaged together to provide a specific risk-return profile. Structured Products can be issued in Note or CD form and linked to a variety of underlying assets (equities, commodities, currencies, etc) with varying maturities and risks. Structured Products are pre-packaged investments and generally contain a derivative or option component. Investors should thoroughly review the risks associated with a Structured Product prior to making an investment. Structured Products are not suitable for all investors. Risks include but are not limited to a potential loss of principal, lack of liquidity prior to maturity or the possibility that at expiration the investor will own the reference asset at a cost basis above its current price. Before investing in a structured product, investors should carefully consider the product’s objectives, return potential, risks and expenses. Investors should read the Offering Circular carefully before investing. Structured investments can be used to enhance returns and provide various levels of principal protection. Structured Notes & CDs are investments that have some features of bonds (which pay regular income and offer principal protection) and equities or other assets which offer potential for greater returns than traditional fixed-income investments, but with a higher risk exposure. The following risks should be considered prior to investing in a Structured Product: the potential loss of principal, the return potential, a limited or potential lack of secondary market, a disparity between the price movement of the note and the value of the underlying assets and the credit quality of the issuer. For some products, while the redemption of principal is 100% protected at maturity, investors may realize a loss if the product is redeemed prior to maturity. TD Ameritrade does not provide tax advice. Tax consequences of Structured Products can be complex and depend on the holder’s individual circumstances. Clients should consult with a tax advisor with regard to their specific tax circumstances. Some Risk Factors of Structured Products: Potential Loss of Principal: An investment in a Structured Product may result in a loss of the initial investment. Additionally, principal protection only applies when the investment is held to maturity. Principal Protected Notes and CDs sold prior to maturity may result in a loss to the investor. No Dividends Payments or Voting Rights: Holders do not have voting rights and are not entitled to receive cash dividends or other distributions of the underlying asset(s). No guaranteed yield: An investor’s yield may be lower than the yield on other debt securities of comparable maturity. Lack of Liquidity: There may be little to no secondary market prior to maturity. Structured Products are intended to be "buy and hold" investments. Market price is influenced by many unpredictable factors: Several factors may influence the price of the Structured Investment in addition to the price movements of the underlying asset(s). These include economic, political, regulatory or judicial events and creditworthiness of the issuer. Credit of the Issuer: An investment in a Structured Product is subject to the credit risk of the issuer, and the issuer’s actual and perceived creditworthiness may affect the market value of the investment and their ability to honor the financial obligations associated with the investment. For a more detailed description of Risk Factors, please refer to the product’s official offering documents. Tax Considerations for principal protected notes Tax consequences of Structured Products can be complex and depend on the holders individual circumstances. Clients should consult with a tax advisor with regard to their specific tax circumstances. Please read the appropriate Tax Disclosure section of the offering document and consult with your own tax advisor before investing in any products. Closed-End Funds: There is no guarantee that a closed-end fund will achieve its investment objective(s). Past performance does not guarantee future results. The value of any closed-end fund will fluctuate with the value of the underlying securities and supply and demand in the secondary market. Until the original listing of a closed-end fund on an exchange, no closed-end fund's shares will have a history of public trading. Closed-end funds may trade at a premium or discount to their net asset value. Preferred Securities: Preferred securities are subject to market value fluctuations, given changes in the level of interest rates. For example, if interest rates rise, the value of these securities may decline. If preferred securities are sold prior to maturity, prices and yields may vary. Adverse changes in the credit quality of the issuer can negatively affect the market value of the securities. Preferred securities may include a call feature. If the security is called, holders of the securities may be forced to reinvest at a lower rate. Preferred stocks are also subject to other risks, including illiquidity and certain special redemption provisions. TD Ameritrade Institutional, Division of TD Ameritrade, Inc., member FINRA/SIPC/NFA. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and the Toronto-Dominion Bank. © 2015 TD Ameritrade IP Company, Inc. All rights reserved. Used with permission. Page 8 of 8 Please see the last page of this document for important disclosures