Published on 4/10/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $20.71 million leveraged capped buffered notes index basket
By Wendy Van Sickle
Columbus, Ohio, April 10 – Toronto-Dominion Bank priced $20.71 million of leveraged capped buffered notes due Aug. 10, 2020 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 2.2 times the basket return, subject to a maximum payout of $1,593.56 per $1,000 principal amount.
Investors will receive par if the basket declines by up to 20% and will lose 1.25% for every 1% decline beyond the buffer.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| 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
|
| Amount: | $20,714,000
|
| Maturity: | Aug. 10, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 2.2 times the basket gain, subject to a maximum payout of $1,593.56 per $1,000 principal amount; par if the basket declines by up to 20%; 1.25% loss for every 1% decline beyond the buffer
|
| Initial levels: | 3,408.1 for Euro Stoxx, 7,183.64 for FTSE, 1,719.3 for Topix, 8,671.04 for Swiss Market and 5,788.739 for S&P/ASX
|
| Pricing date: | April 6
|
| Settlement date: | April 13
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114QMF2
|
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