Published on 6/29/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $21.84 million Accelerated Return Notes on basket of indexes
By Wendy Van Sickle
Columbus, Ohio, June 29 – Toronto-Dominion Bank priced $21.84 million of 0% Accelerated Return Notes due Aug. 26, 2022 linked to an equally weighted basket of three equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 13.31%. Investors will be exposed to any basket decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated Return Notes
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Underlying basket: | Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and FTSE China 50 index (5% weight)
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Amount: | $21,836,540
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Maturity: | Aug. 26, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any basket gain, capped at par plus 13.31%; exposure to any basket decline
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Initial stock levels: | 4,122.43 for Euro Stoxx 50; 7,109.97 for FTSE 100; 28,875.23 for Nikkei; 11,993.64 for Swiss Market; 7,275.271 for S&P/ASX 200; 20,556.62 for FTSE China 50
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Pricing date: | June 24
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Settlement date: | July 1
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 891162109
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