Published on 12/16/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $1.74 million digital buffered basket-linked notes on index basket
By William Gullotti
Buffalo, N.Y., Dec. 16 – Toronto-Dominion Bank priced $1.74 million of 0% basket-linked digital buffered notes due Dec. 16, 2024 linked to a weighted basket of indexes, according to a 424B2 filing 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 a 12% weight and the S&P/ASX 200 index with a 9% weight.
If the basket finishes at or above its initial level, the payout at maturity will be the greater of par plus 23.9% and par plus the basket return.
Investors will receive par if the basket declines by no more than 10% and will lose 1.1111% for every 1% that the basket declines beyond 10%.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Basket-linked digital buffered notes
|
| 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)
|
| Amount: | $1,735,000
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| Maturity: | Dec. 16, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes at or above initial level, the greater of par plus 23.9% and par plus the basket return; if the basket declines up to 10%, par; otherwise, lose 1.1111% for every 1% that the basket declines beyond 10%
|
| Initial levels: | 3,921.82 for Stoxx, 1,957.33 for Topix, 7,445.97 for FTSE, 11,033.64 for Swiss Market, 7,180.831 for S&P/ASX
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Dec. 12
|
| Settlement date: | Dec. 19
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 89114YGZ8
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