Published on 1/2/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.59 million leveraged buffered notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – Toronto-Dominion Bank priced $1.59 million of 0% leveraged buffered notes due Dec. 24, 2024 linked to a basket of three indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Dow Jones industrial average with a 35% weight, the S&P 500 index with a 25% weight, the Russell 2000 index with a 20% weight and the iShares MSCI EAFE ETF weight with a 20% weight.
The payout at maturity will be par plus 1.04 times any basket gain.
Investors will receive par if the basket falls by up to 30% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 30%.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Leveraged buffered notes
|
Underlying basket: | Dow Jones industrial average (35% weight), S&P 500 index (25% weight), Russell 2000 index (20% weight) and iShares MSCI EAFE ETF (20% weight)
|
Amount: | $1,588,000
|
Maturity: | Dec. 24, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the basket return is positive, par plus 1.04 times the basket gain; if basket falls by up to 30%, par; if basket falls by more than 30%, 1% loss for every 1% decline from initial level
|
Initial levels: | 28,455.09 for Dow, 3,221.22 for S&P, 1,671.902 for Russell and $69.18 for ETF
|
Pricing date: | Dec. 20
|
Settlement date: | Dec. 26
|
Agent: | TD Securities (USA) LLC
|
Fees: | 0.5%
|
Cusip: | 89114RAM8
|
|
© 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.