Published on 5/17/2019 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $286,000 leveraged capped notes on basket
By Wendy Van Sickle
Columbus, Ohio, May 17 – Toronto-Dominion Bank priced $286,000 of leveraged capped notes due July 14, 2021 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 320% of the basket return, subject to a maximum payout of $2,052.80 per $1,000 of notes.
Investors will be exposed to any decline in the basket.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (20% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
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Amount: | $286,000
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Maturity: | July 14, 2021
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the index return is positive, par plus 320% of the basket return, capped at $2,052.80 per $1,000 of notes; exposure to any basket decline
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Initial levels: | 3,385.78 for Euro Stoxx, 1,544.15 for Topix, 7,296.95 for FTSE, 9,480.76 for Swiss Market, 6,284.204 for S&P/ASX
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Pricing date: | May 15
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Settlement date: | May 20
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114QR91
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