| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for FTSE 100 index > News item |
Toronto-Dominion plans leveraged capped buffered notes tied to basket
By Devika Patel
Knoxville, Tenn., July 9 – Toronto-Dominion Bank plans to price 24- to 27-month 0% leveraged capped buffered notes linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity will be set at pricing.
The basket components are 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 220% of the basket return, subject to a maximum payment that is expected to fall between $1,620.62 and $1,729.74 per $1,000 of notes and will be set at pricing.
Investors will receive par if the basket falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.
TD Securities (USA) LLC is the agent.
The Cusip is 89114QNY0.
© 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.