Published on 12/12/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $1.5 million leveraged basket-linked notes tied to weighted index basket
By William Gullotti
Buffalo, N.Y., Dec. 12 – Toronto-Dominion Bank priced $1.5 million of leveraged basket-linked notes due June 10, 2024 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 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
If the basket return is positive, the payout at maturity will be par plus 300% of the return, capped at par plus 37.8%.
Investors will be fully exposed to any basket decline.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged basket-linked notes
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Basket components: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight) and S&P/ASX 200 (9% weight)
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Amount: | $1.5 million
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Maturity: | June 10, 2024
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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 par plus 37.8%; otherwise, investors will lose 1% for every 1% that the basket declines from initial level
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Initial levels: | 3,939.19 for Euro Stoxx, 1,950.22 for Topix, 7,521.39 for FTSE, 11,109.33 for Swiss Market, 7,291.266 for S&P/ASX
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Buffer level: | 85% of initial basket level
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Pricing date: | Dec. 6
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Settlement date: | Dec. 13
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Agent: | TD Securities (USA) LLC
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Fees: | 1.51%
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Cusip: | 89114YHT1
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