By Angela McDaniels
Tacoma, Wash., Sept. 6 – Toronto-Dominion Bank priced $2.62 million of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 8, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF Trust with a 60% weight, the iShares Russell 2000 exchange-traded fund with a 20% weight and the SPDR S&P MidCap 400 ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the gain, subject to a maximum return of 40%. Investors will receive par if the basket decreases by up to 10% and will lose 1% for every 1% that the basket may decline beyond 10%.
TD Securities (USA) LLC and Wells Fargo Securities LLC are the agents.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying ETFs: | SPDR S&P 500 ETF Trust (60% weight), iShares Russell 2000 ETF (20% weight) SPDR S&P MidCap 400 ETF (20% weight)
|
| Amount: | $2,619,000
|
| Maturity: | Sept. 8, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain, up to 40% maximum return; par if basket declines by 10% or less; 1% loss for every 1% that basket may decline beyond 10%
|
| Initial share prices: | $217.44 for S&P 500 trust, $123.22 for Russell 2000 ETF and $285.08 for S&P MidCap 400 ETF
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 8
|
| Agents: | TD Securities (USA) LLC and Wells Fargo Securities LLC
|
| Fees: | 3.15%
|
| Cusip: | 89114QXE3
|
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