Published on 11/27/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $434,000 leveraged capped notes on index basket
By Kiku Steinfeld
Chicago, Nov. 27 – Toronto-Dominion Bank priced $434,000 of leveraged capped notes due Dec. 16, 2020 linked to an unequally weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with an 8% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum payout of $1,281.40 per $1,000 of notes.
Investors will be exposed to any decline in the basket.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (19% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
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Amount: | $434,000
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Maturity: | Dec. 16, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus triple basket return, capped at $1,281.40 per $1,000 of notes; exposure to any basket decline
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Initial levels: | 3,699.50 for Euro Stoxx, 1,700.33 for Topix, 7,351.21 for FTSE, 10,299.22 for Swiss Market, 6,698.358 for S&P/ASX
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Pricing date: | Nov. 13
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Settlement date: | Nov. 20
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114R5E2
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