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Toronto-Dominion plans leveraged capped notes tied to index basket
By Devika Patel
Knoxville, Tenn., July 5 – Toronto-Dominion Bank plans to price 19- to 22-month 0% leveraged capped notes linked to a basket of unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity will be set at pricing.
The basket components are 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 300% of the basket return, subject to a maximum payment that is expected to fall between $1,510.30 and $1,598.80 per $1,000 of notes and will be set at pricing.
Investors will receive par if the basket is flat and will lose 1% for each 1% decline.
TD Securities (USA) LLC is the agent.
The Cusip is 89114Q3B2.
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