Published on 7/16/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $9.09 million leveraged capped notes on index basket
By Sarah Lizee
Olympia, Wash., July 16 – Toronto-Dominion Bank priced $9.09 million of leveraged capped notes due Feb. 11, 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 3 times the basket return, subject to a maximum payout of $1,486 per $1,000 principal amount.
Investors will be 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 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: | $9,092,000
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Maturity: | Feb. 11, 2020
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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 3 times the basket gain, subject to a maximum payout of $1,486 per $1,000 principal amount; exposure to basket decline
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Initial levels: | 3,445.49 for Euro Stoxx, 7,651.33 for FTSE, 1,709.68 for Topix, 8,818.19 for Swiss Market and 6,268.305 for S&P/ASX
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Pricing date: | July 12
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Settlement date: | July 19
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114QPJ1
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