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Published on 3/18/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $15.01 million buffered basket-linked notes

By Wendy Van Sickle

Columbus, Ohio, March 18 – Toronto-Dominion Bank priced $15.01 million of 0% buffered notes due May 2, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes 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 a 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 the basket return.

If the basket declines by up to 20%, the payout at maturity will be par.

Otherwise, investors will lose 1.25% for every 1% of basket decline beyond the buffer.

TD Securities (USA) LLC is the agent. Goldman Sachs & Co. LLC is acting as a dealer.

Issuer:Toronto-Dominion Bank
Issue:Buffered notes
Underlying indexes:Euro Stoxx 50 index (36% weight), Topix index (29% weight), FTSE 100 index (16% weight), Swiss Market index (11% weight) and S&P/ASX 200 index (8% weight)
Amount:$15,005,000
Maturity:May 2, 2024
Coupon:0%
Price:Par
Payout at maturity:If the basket return is positive, par plus basket gain; if the basket declines up to 20%, par; otherwise, lose 1.25% for every 1% decline beyond 20%
Initial levels:3,686.78 for Euro Stoxx, 1,799.54 for Topix, 7,155.64 for FTSE, 11,495.69 for Swiss Market, 7,063.601 for S&P/ASX 200
Buffer level:80% of initial level
Pricing date:March 11
Settlement date:March 18
Agent:TD Securities (USA) LLC
Selected dealer:Goldman Sachs & Co. LLC
Fees:1.77%
Cusip:89114V7A9

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