Published on 1/2/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $10.38 million leveraged capped buffered notes indexes
By Marisa Wong
Morgantown, W.Va., Jan. 2 – Toronto-Dominion Bank priced $10.38 million of leveraged capped buffered notes due Nov. 26, 2019 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 1.8 times the basket return, subject to a maximum payout of $1,513 per $1,000 principal amount.
Investors will receive par if the basket declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged capped buffered notes
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| Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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| Amount: | $10,377,000
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| Maturity: | Nov. 26, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 1.8 times the basket gain, subject to a maximum payout of $1,513 per $1,000 principal amount; par if the basket declines by up to 12.5%; 1.1429% loss for every 1% decline beyond the 12.5% buffer
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| Initial levels: | 3,570.78 for Euro Stoxx, 7,603.98 for FTSE, 1,822.61 for Topix, 9,424.67 for Swiss Market and 6,060.358 for S&P/ASX
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| Pricing date: | Dec. 21
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| Settlement date: | Jan. 2
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| Agent: | TD Securities (USA) LLC
|
| Fees: | None
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| Cusip: | 89114QKD9
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