New Issue: TD Bank prices $21.84 million Accelerated Return Notes on basket of indexes

By Wendy Van Sickle

Columbus, Ohio, June 29 – Toronto-Dominion Bank priced $21.84 million of 0% Accelerated Return Notes due Aug. 26, 2022 linked to an equally weighted basket of three equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket components are the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the FTSE China 50 index with an initial weight of 5%.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 13.31%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Accelerated Return Notes
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight) and FTSE China 50 index (5% weight)
Amount:	$21,836,540
Maturity:	Aug. 26, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 13.31%; exposure to any basket decline
Initial stock levels:	4,122.43 for Euro Stoxx 50; 7,109.97 for FTSE 100; 28,875.23 for Nikkei; 11,993.64 for Swiss Market; 7,275.271 for S&P/ASX 200; 20,556.62 for FTSE China 50
Pricing date:	June 24
Settlement date:	July 1
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	891162109

© 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.