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TD Bank to price leveraged capped buffered notes on index basket
By Sarah Lizee
Olympia, Wash., Jan. 7 – Toronto-Dominion Bank plans to price 17- to 20-month 0% leveraged capped buffered notes linked to a basket of unequally-weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity will be set at pricing.
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 20% weight, the Swiss Market index with a 9% 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 200% of the basket return, subject to a maximum payment that is expected to fall between $1,337.40 and $1,396 per $1,000 of notes and will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
TD Securities (USA) LLC is the agent.
The Cusip is 89114QGM4.
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