Published on 6/15/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.02 million leveraged capped buffered basket-linked notes on indexes
Chicago, June 15 – Toronto-Dominion Bank priced $2.02 million of leveraged capped buffered basket-linked notes due May 6, 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 200% of the basket return, subject to a maximum payout of par plus 39.3%.
Investors will receive par if the basket declines by up to 17.5% and will lose 1.2121% for every 1% decline beyond the 17.5% buffer.
TD Securities (USA) LLC is the agent and Simon Markets LLC is a dealer.
| Issuer: | Toronto-Dominion Bank
|
| 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)
|
| Amount: | $2,022,000
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| Maturity: | May 6, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index return is positive, par plus 200% of the basket return, capped at par plus 39.3%; par if the basket declines by 17.5% or less; 1.2121% loss for every 1% drop beyond 17.5%
|
| Initial levels: | 4,218.04 for Euro Stoxx, 2,130.63 for Topix, 7,446.14 for FTSE, 11,217.89 for Swiss Market, 7,091.311 for S&P/ASX
|
| Buffer level: | 82.5% of initial basket level
|
| Pricing date: | May 31
|
| Settlement date: | June 7
|
| Agents: | TD Securities (USA) LLC with Simon Markets LLC as a dealer
|
| Fees: | 0%
|
| Cusip: | 89114YYM7
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