Published on 5/24/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $982,000 leveraged capped buffered basket-linked notes on indexes
Chicago, May 24 – Toronto-Dominion Bank priced $982,000 of leveraged capped buffered basket-linked notes due Feb. 9, 2024 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 170% of the basket return, subject to a maximum payout of par plus 32.861%.
Investors will receive par if the basket declines by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
TD Securities (USA) LLC is the agent and Simon Markets LLC is the dealer.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged capped buffered 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: | $982,000
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| Maturity: | Feb. 9, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 170% of the basket return, capped at par plus 32.861%; par if the basket declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
|
| Initial levels: | 3,514.32 for Euro Stoxx, 1,893.57 for Topix, 7,312.32 for FTSE, 10,811.75 for Swiss Market, 6,700.225 for S&P/ASX
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| Buffer level: | 85% of initial basket level
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| Pricing date: | June 29, 2022
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| Settlement date: | July 7, 2022
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| Agents: | TD Securities (USA) LLC and Simon Markets LLC as dealer
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| Fees: | 0%
|
| Cusip: | 89114Y5X5
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