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TD Bank to price leveraged capped buffered notes tied to index basket
By Marisa Wong
Los Angeles, July 30 – Toronto-Dominion Bank plans to price 0% 21- to 24-month leveraged capped buffered notes 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 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% 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 140% of the basket gain, subject to a maximum payout of $1,161.84 per $1,000 of notes.
Investors will receive par if the basket declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.
TD Securities (USA) LLC is the agent.
The Cusip number is 89114RPE0.
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