Published on 4/22/2016 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $4.22 million leveraged buffered notes linked to indexes
By Angela McDaniels
Tacoma, Wash., April 22 – Toronto-Dominion Bank priced $4.22 million of 0% leveraged capped buffered notes due April 25, 2018 linked to 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 1.5 times the basket return, subject to a maximum settlement amount of $1,262.50 per $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that the basket declines beyond 10%.
TD Securities (USA) LLC and Goldman Sachs & Co. are the agents.
Issuer: | Toronto-Dominion Bank
|
Issue: | Leveraged capped buffered notes
|
Underlying indexes: | Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix (23% weight), Swiss Market (9% weight) and S&P/ASX 200 (8% weight)
|
Amount: | $4,222,000
|
Maturity: | April 25, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.5 times any basket gain, up to maximum settlement amount of $1,262.50 for each $1,000 principal amount; par if basket falls by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
Initial levels: | 3,142.52 for Euro Stoxx 50; 6,410.26 for FTSE 100; 1,365.78 for Topix: 1,365.78 for Swiss Market and 5,215.953 for S&P/ASX 200
|
Pricing date: | April 20
|
Settlement date: | April 27
|
Agents: | TD Securities (USA) LLC and Goldman Sachs & Co.
|
Fees: | 1.75%
|
Cusip: | 89114QVH8
|
© 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.