Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $2.51 million leveraged capped notes on weighted index basket
By William Gullotti
Buffalo, N.Y., May 30 – Toronto-Dominion Bank priced $2.51 million of leveraged capped notes due July 11, 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 a 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 53.85%.
Investors will be fully exposed to any basket decline.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped notes
|
| 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)
|
| Amount: | $7,376,000
|
| Maturity: | July 11, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 300% of the basket return, capped at par plus 53.85%; otherwise, investors will be exposed to any basket decline
|
| Initial levels: | 4,395.3 for Euro Stoxx, 2,161.69 for Topix, 7,756.87 for FTSE, 11,571.16 for Swiss Market, 7,279.523 for S&P/ASX
|
| Pricing date: | May 19
|
| Settlement date: | May 30
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114YY47
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