Published on 2/21/2020 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $3.55 million leveraged capped buffered notes on basket
By Sarah Lizee
Olympia, Wash., Feb. 21 – Toronto-Dominion Bank priced $3.55 million of leveraged capped buffered notes due Feb. 11, 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 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 180% of the basket return, subject to a maximum payout of $1,373.50 per $1,000 of notes.
Investors will receive par if the basket declines by up to 15% and will lose 1.1765% for every 1% decline beyond the 15% buffer.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged capped buffered 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)
|
| Amount: | $3,552,000
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| Maturity: | Feb. 11, 2022
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index return is positive, par plus 180% of the basket return, capped at $1,373.50 per $1,000 of notes; par if the basket declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
|
| Initial levels: | 3,840.97 for Euro Stoxx, 1,702.87 for Topix, 7,409.13 for FTSE, 11,128.81 for Swiss Market, 7,130.204 for S&P/ASX
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| Buffer level: | 85% of initial basket level
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 24
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | None
|
| Cusip: | 89114RE28
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