Published on 12/28/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $14.77 million Accelerated Return Notes on index basket
By Marisa Wong
Los Angeles, Dec. 29 – Toronto-Dominion Bank priced $14.77 million of 0% Accelerated Return Notes due Feb. 24, 2023 linked to an equally weighted basket of six international 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 15.1%. 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: | $14,766,750
|
| Maturity: | Feb. 24, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at par plus 15.1%; exposure to any basket decline
|
| Initial level: | 4,217.06 for Euro Stoxx; 7,341.66 for FTSE 100; 28,562.21 for Nikkei; 12,713.90 for Swiss Market; 7,364.768 for S&P/ASX; 16,338.52 for FTSE China
|
| Final level: | For each index, average of closing levels on each of five trading days ending Feb. 21, 2023
|
| Pricing date: | Dec. 22
|
| Settlement date: | Jan. 3
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 891162828
|
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