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Published on 2/6/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $4.24 million leveraged buffered basket-linked notes on weighted index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Toronto-Dominion Bank priced $4.24 million of 0% leveraged buffered notes due Feb. 5, 2025 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.

The payout at maturity will be par plus 137.83% of the basket gain.

Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1.25% for every 1% decline beyond the 20% buffer.

TD Securities (USA) LLC is the underwriter with Goldman Sachs & Co. LLC as agent.

Issuer:Toronto-Dominion Bank
Issue:Leveraged buffered index-linked notes
Underlying indexes:Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight) and S&P/ASX 200 index (9% weight)
Amount:$4,237,000
Maturity:Feb. 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If basket return is positive, par plus 137.83% of basket gain; par if basket finishes flat or declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
Initial levels:4,171.44 for Stoxx, 1,972.23 for Topix, 7,761.11 for FTSE, 11,200.93 for Swiss and 7,761.11 for S&P/ASX
Buffer level:80% of initial level
Pricing date:Feb. 1
Settlement date:Feb. 8
Underwriter:TD Securities (USA) LLC with Goldman Sachs & Co. LLC as agent
Fees:1.75%
Cusip:89114YNB3

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