Published on 8/2/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.71 million leveraged capped buffered basket-linked notes on indexes
Chicago, Aug. 2 – Toronto-Dominion Bank priced $1.71 million of leveraged capped buffered basket-linked notes due Aug. 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 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 20%.
Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% 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
|
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: | $1,710,000
|
Maturity: | Aug. 9, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 200% of the basket return, capped at par plus 20%; par if the basket declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
|
Initial levels: | 4,391.30 for Euro Stoxx, 2,285.38 for Topix, 7,691.80 for FTSE, 11,231.41 for Swiss Market, 7,339.671 for S&P/ASX
|
Buffer level: | 90% of initial basket level
|
Pricing date: | July 25
|
Settlement date: | Aug. 1
|
Agents: | TD Securities (USA) LLC with Simon Markets LLC as a dealer
|
Fees: | 0%
|
Cusip: | 89115F4Q1
|
|
© 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.