Published on 1/30/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $9.12 million digital basket-linked notes on weighted index basket
By William Gullotti
Buffalo, N.Y., Jan. 30 – Toronto-Dominion Bank priced $9.12 million of 0% digital basket-linked notes due April 30, 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 20.36% and par plus the basket return.
Otherwise, investors will be fully exposed to any basket decline.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Digital basket-linked notes
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Underlying basket: | 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: | $9,123,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket finishes at or above initial level, par plus the greater of the basket return and 20.36%; otherwise, full exposure to basket decline
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Initial levels: | 4,148.11 for Stoxx, 1,980.69 for Topix, 7,744.87 for FTSE, 11,404.77 for Swiss Market, 7,468.297 for S&P/ASX
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
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Fees: | 1.06%
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Cusip: | 89114YMT5
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