Published on 10/12/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $20.82 million leveraged capped buffered basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – Toronto-Dominion Bank priced $20.82 million of leveraged capped buffered basket-linked notes due July 12, 2024 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
If the basket return is positive, the payout at maturity will be par plus 180% of the basket return, subject to a maximum payout of par plus 43.794%.
Investors will receive par if the basket declines by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped buffered basket-linked notes
|
| Basket components: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
|
| Amount: | $20,815,000
|
| Maturity: | July 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 180% of the basket return, capped at par plus 43.794%; par if the basket declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
|
| Initial levels: | 3,375.46 for Euro Stoxx, 1,906.8 for Topix, 6,991.09 for FTSE, 10,308.57 | for Swiss Market, 6,762.771 for S&P/ASX
|
| Buffer level: | 85% of initial basket level
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 17
|
| Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 89114YDU2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
