Published on 1/16/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $7.80 million leveraged capped notes tied to index basket
By Marisa Wong
Morgantown, W.Va., Jan. 16 – Toronto-Dominion Bank priced $7,796,000 of 0% leveraged capped notes due March 16, 2020 tied to 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.
The payout at maturity will be par plus 300% of any basket gain, up to a maximum settlement amount of $1,682.50 for each $1,000 principal amount.
Investors will be fully exposed to any basket decline.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped notes
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Underlying basket: | Euro Stoxx 50 index (37% weight), FTSE 100 index (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 index (8% weight)
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Amount: | $7,796,000
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Maturity: | March 16, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus triple any basket gain, capped at 68.25%; full exposure to losses
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Initial index levels: | 3,595.24 for Euro Stoxx, 7,762.94 for FTSE, 1,888.09 for Topix, 9,503.85 for Swiss Market and 6,067.622 for S&P/ASX
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Pricing date: | Jan. 11
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Settlement date: | Jan. 19
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114QKM9
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