Published on 9/26/2017 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $9.92 million leveraged capped buffered notes indexes
By Marisa Wong
Morgantown, W.Va., Sept. 26 – Toronto-Dominion Bank priced $9.92 million of leveraged capped buffered notes due Aug. 22, 2019 linked a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% 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 1.5 times the basket return, subject to a maximum payout of $1,276 per $1,000 principal amount.
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 and Goldman, Sachs & Co. are the agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged capped buffered notes
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| Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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| Amount: | $9.92 million
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| Maturity: | Aug. 22, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket gain, subject to a maximum payout of $1,276 per $1,000 principal amount; par if the basket declines by up to 10%; 1.1111% loss for every 1% decline beyond the 10% buffer
|
| Initial levels: | 3,531.18 for Euro Stoxx, 7,275.25 for FTSE, 1,667.88 for Topix, 9,093.20 for Swiss Market and 5,713.577 for S&P/ASX
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 26
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| Agents: | TD Securities (USA) LLC and Goldman, Sachs & Co.
|
| Fees: | 1.75%
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| Cusip: | 89114QJP4
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