| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for iShares MSCI EAFE ETF > News item |
TD Bank plans market-linked notes with leveraged upside on six funds
By Wendy Van Sickle
Columbus, Ohio, May 6 – Toronto-Dominion Bank plans to price 0% market linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Dec. 3, 2020 linked to a basket of six 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 50% weight, the iShares Russell 2000 ETF with a 15% weight, the iShares MSCI EAFE ETF with a 15% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the PowerShares DB Commodity Index Tracking fund with a 5% weight and the Vanguard REIT ETF with a 5% weight.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum return of 45% to 50%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
The notes will price May 31 and settle June 3.
The Cusip number is 89114QVJ4.
© 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.