New Issue: TD Bank prices $33.01 million capped notes with absolute return buffer on index basket

By William Gullotti

Buffalo, N.Y., Aug. 1 – Toronto-Dominion Bank priced $33.01 million of 0% capped notes with absolute return buffer due July 25, 2025 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

TD Bank sold 3,300,753 units with a face amount of $10 each, for a total principal amount of $33,007,530. The issuer sold 350,000 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $32,990,030.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par of $10 plus any basket gain, up to a maximum return of par plus 50%.

If the basket falls by up to 18%, investors will receive par plus the absolute value of the basket return.

Investors will be exposed to any basket decline beyond 18%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes with absolute return buffer
Underlying basket:	Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight), FTSE China 50 index (5% weight)
Principal amount:	$33,007,530
Proceeds:	$32,990,030
Maturity:	July 25, 2025
Coupon:	0%
Price:	$9.95 per unit for 350,000 units; par of $10 for remainder
Payout at maturity:	Par plus any basket gain, capped at par plus 50%; if basket falls by up to 18%, par plus absolute value of basket return; otherwise, 1% loss for every 1% of basket decline beyond 18%
Initial levels:	4,447.44 for Euro Stoxx 50, 7,692.76 for FTSE 100, 32,891.16 for Nikkei Stock Average, 11,373.21 for Swiss Market, 7,455.917 for S&P/ASX 200, 12,970.28 for FTSE China 50
Threshold value:	82% of initial value
Pricing date:	July 27
Settlement date:	Aug. 3
Agent:	BofA Securities, Inc.
Fees:	1.5% for 350,000 units; 2% for remainder
Cusip:	89116C586

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