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TD Bank plans leveraged capped buffered notes linked to index basket
By Wendy Van Sickle
Columbus, Ohio, July 7 – Toronto-Dominion Bank plans to price 0% 18- to 21-month leveraged capped buffered notes linked a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus double the basket return, subject to a maximum payout of $1,164 to $1,192 per $1,000 principal amount of notes. The exact cap will be set at pricing.
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 and Goldman, Sachs & Co. are the agents.
The Cusip number is 89114QVV7.
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