Published on 1/11/2019 in the Prospect News Structured Products Daily.
New Issue: TD sells $4.17 million leveraged capped buffered notes on index basket
By Devika Patel
Knoxville, Tenn., Jan. 11 – Toronto-Dominion Bank priced $4,171,000 of leveraged capped buffered notes due Aug. 31, 2020 linked to an unequally weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% 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 double the basket return, subject to a maximum payout of $1,538 per $1,000 of notes.
Investors will receive par if the basket declines by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped buffered notes
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| Basket components: | Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight
|
| Amount: | $4,171,000
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| Maturity: | Aug. 31, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is positive, par plus double the index return, capped at $1,538 per $1,000 of notes; par if the index declines by 15% or less; 1% loss for every 1% drop beyond 15%
|
| Initial levels: | 3,000.61 for Euro Stoxx, 1,488.19 for Topix, 6,721.17 for FTSE, 8,417.29 for Swiss Market, 5,467.639 for S&P/ASX
|
| Pricing date: | Dec. 21
|
| Settlement date: | Jan. 2
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114QGF9
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