Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $8.32 million Leveraged Index Return Notes on index basket
By William Gullotti
Buffalo, N.Y., May 30 – Toronto-Dominion Bank priced $8.32 million of 0% Leveraged Index Return Notes due May 30, 2025 linked to a weighted index basket, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 42% weight, the FTSE 100 index with a 21% weight, the Nikkei Stock Average index with a 21% weight, the Swiss Market index with an 8% weight and the S&P/ASX 200 index with an 8% weight.
TD Bank sold 831,547 units with a face amount of $10 each, for a total principal amount of $8,315,470. The issuer sold 300,000 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $8,300,470.
The payout at maturity will be par of $10 plus 1.752 times any basket gain.
Investors will be fully exposed to any basket decline.
BofA Securities, Inc. is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged Index Return Notes
|
| Underlying indexes: | Euro Stoxx 50 index (42% weight), FTSE 100 index (21% weight), Nikkei Stock Average index (21% weight), Swiss Market index (8% weight), S&P/ASX 200 index (8% weight)
|
| Principal amount: | $8,315,470
|
| Proceeds: | $8,300,470
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | $9.95 per unit for 300,000 units; par of $10 for remainder
|
| Payout at maturity: | Par plus 1.752 times any basket gain; full exposure to any basket decline
|
| Initial levels: | 4,287.03 for Stoxx, 7,702.64 for FTSE, 28,949.88 for Nikkei, 11,456.37 for Swiss Market, 7,193.107 for S&P/ASX
|
| Pricing date: | May 4
|
| Settlement date: | May 11
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.5% for 300,000 units; 2% for remainder
|
| Cusip: | 89116C735
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
