Published on 7/17/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $5.78 million leveraged capped buffered notes on basket
By Wendy Van Sickle
Columbus, Ohio, July 17 – Toronto-Dominion Bank priced $5.78 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 220% of the basket return, subject to a maximum payout of $1,588.50 per $1,000 principal amount.
Investors will receive par if the basket declines by up to 15% and will lose 1.1765% for every 1% decline beyond the 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 (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: | $5,776,000
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Maturity: | Aug. 10, 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 220% of the basket gain, subject to a maximum payout of $1,588.50 per $1,000 principal amount; par if the basket declines by up to 15%; 1.1765% loss for every 1% decline beyond the buffer
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Initial levels: | 3,365.52 for Euro Stoxx, 7,615.63 for FTSE, 1,727.00 for Topix, 8,461.71 for Swiss Market and 6,215.388 for S&P/ASX
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Pricing date: | June 28
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Settlement date: | July9
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114QNY0
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