Published on 11/7/2022 in the Prospect News Structured Products Daily.
New Issue: TD prices $21.2 million leveraged buffered basket-linked notes on index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 7 – Toronto-Dominion Bank priced $21.2 million of 0% leveraged buffered basket-linked notes due Nov. 7, 2024 linked to a basket of 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 36%, the Topix index with an initial weight of 26%, the FTSE 100 index with an initial weight of 17%, the Nikkei 225 index with an initial weight of 20%, the Swiss Market index with an initial weight of 12% and the S&P/ASX 200 index with an initial weight of 9%.
If the basket return is positive, the payout at maturity will be par plus 140.15% of the basket return.
If the basket falls by up to 20%, the payout will be par.
Investors will lose 1.25% for each 1% decline beyond 20%.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged buffered basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 index (9% weight)
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| Amount: | $21,197,000
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| Maturity: | Nov. 7, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 140.15% of any basket gain; par if basket falls by up to 20%; otherwise, 1.25% loss for every 1% decline beyond 20%
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| Initial index levels: | 3,622.01 for Euro Stoxx 50, 1,940.46 for Topix, 7,144.14 for FTSE 100, 10,806.23 for Swiss Market, 6,986.658 for S&P/ASX 200
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| Threshold levels: | 80% of initial levels
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| Pricing date: | Nov. 2
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| Settlement date: | Nov. 9
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| Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
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| Fees: | 1.55%
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| Cusip: | 89114YF22
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