Published on 2/17/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.29 million leveraged capped basket-linked notes
By Wendy Van Sickle
Columbus, Ohio, Feb. 17 – Toronto-Dominion Bank priced $2.29 million of leveraged capped basket-linked notes due March 12, 2025 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 300% of the basket return, subject to a maximum payout of par plus 55.05%.
Investors will have full exposure to loss.
TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped basket-linked notes
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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)
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Amount: | $2,292,000
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Maturity: | March 12, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus 300% of the basket return, capped at par plus 55.05%; full exposure to loss
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Initial levels: | 4,197.94 for Euro Stoxx, 1,986.96 for Topix, 7,882.45 for FTSE, 11,130.46 for Swiss Market, 7,433.662 for S&P/ASX
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Pricing date: | Feb. 10
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Settlement date: | Feb. 17
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Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 89114YM73
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