Published on 4/28/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $9.25 million leveraged capped buffered basket-linked notes on index basket
By Wendy Van Sickle
Columbus, Ohio, April 28 – Toronto-Dominion Bank priced $9.25 million of leveraged capped buffered basket-linked notes due Jan. 10, 2025 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 200% of the basket return, subject to a maximum payout of par plus 34.1%.
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 and Goldman Sachs & Co. LLC are the agents.
Issuer: | Toronto-Dominion Bank
|
Issue: | Leveraged capped buffered basket-linked notes
|
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)
|
Amount: | $9,248,000
|
Maturity: | Jan. 10, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 200% of the basket return, capped at par plus 34.1%; par if the basket declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
|
Initial levels: | 4,408.59 for Euro Stoxx, 12,035.06 for Topix, 7,914.13 for FTSE, 11,460.58 for Swiss Market, 7,330.381 for S&P/ASX
|
Buffer level: | 85% of initial basket level
|
Pricing date: | April 21
|
Settlement date: | April 26
|
Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
|
Fees: | 0%
|
Cusip: | 89114YVW8
|
|
© 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.