New Issue: TD Bank sells $1.58 million leveraged capped notes on basket

By Sarah Lizee

Olympia, Wash., April 1 – Toronto-Dominion Bank priced $1.58 million of leveraged capped notes due June 28, 2021 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 400% of the basket return, subject to a maximum payout of $1,252.80 per $1,000 of notes.

Investors will be fully exposed to any losses in the basket.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped notes
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:	$1.58 million
Maturity:	June 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 400% of the basket return, capped at $1,252.80 per $1,000 of notes; full exposure to losses of basket
Initial levels:	2,715.11 for Euro Stoxx, 1,333.10 for Topix, 5,446.01 for FTSE, 8,733.32 for Swiss Market, 4,735.655 for S&P/ASX
Pricing date:	March 24
Settlement date:	March 31
Agent:	TD Securities (USA) LLC
Fees:	1.19%
Cusip:	89114RG59

© 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.