Published on 1/17/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.69 million leveraged capped buffered notes on basket
By Kiku Steinfeld
Chicago, Jan. 19 – Toronto-Dominion Bank priced $2.69 million of leveraged capped buffered notes due Sept. 23, 2022 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 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% 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 130% of the basket return, subject to a maximum payout of $1,213.20 per $1,000 of notes.
Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $2,685,000
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Maturity: | Sept. 23, 2022
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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 130% of the basket return, capped at $1,213.20 per $1,000 of notes; par if the basket declines by 10% or less; 1.1111% loss for every 1% drop beyond 10%
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Initial levels: | 3,645.05 for Euro Stoxx, 1,854.94 for Topix, 6,873.26 for FTSE, 10,797.99 for Swiss Market, 6,757.869 for S&P/ASX
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Buffer level: | 90% of initial basket level
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Pricing date: | Jan. 8
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Settlement date: | Jan. 15
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Agent: | TD Securities (USA) LLC
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Fees: | 0%
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Cusip: | 89114T5S7
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