Published on 3/27/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $4.78 million leveraged capped notes on basket
By Sarah Lizee
Olympia, Wash., March 27 – Toronto-Dominion Bank priced $4.78 million of leveraged capped notes due Nov. 17, 2021 linked to an unequally weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 19% weight, the Swiss Market index with a 10% 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 300% of the basket return, subject to a maximum payout of $1,553.20 per $1,000 of notes.
Investors will be fully exposed to any losses in the basket.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (27% weight), FTSE 100 (10% weight), Swiss Market (10% weight) and S&P/ASX 200 (8% weight)
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Amount: | $4,778,000
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Maturity: | Nov. 17, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is positive, par plus 300% of the basket return, capped at $1,553.20 per $1,000 of notes; full exposure to losses of basket
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Initial levels: | 2,385.82 for Euro Stoxx, 1,270.84 for Topix, 5,080.58 for FTSE, 8,338.74 for Swiss Market, 4,953.202 for S&P/ASX
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Pricing date: | March 18
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Settlement date: | March 25
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114RFA9
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