Published on 8/7/2019 in the Prospect News Structured Products Daily.
New Issue: TD sells $5.58 million leveraged capped buffered notes on index basket
By Kiku Steinfeld
Chicago, Aug. 7 – Toronto-Dominion Bank priced $5.58 million of leveraged capped buffered notes due Jan. 6, 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 1.7 times the basket return, subject to a maximum payout of $1,287.30 per $1,000 of notes.
Investors will receive par if the basket declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.
TD Securities (USA) LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged capped buffered notes
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Basket components: | 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
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Amount: | $5,576,000
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Maturity: | Jan. 6, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the basket return is positive, par plus 1.7 times the index return, capped at $1,287.30 per $1,000 of notes; par if the basket declines by 12.5% or less; 1.1429% loss for every 1% drop beyond 12.5%
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Initial levels: | 3,510.15 for Euro Stoxx, 1,577.85 for Topix, 7,489.05 for FTSE, 9,877.03 for Swiss Market, 6,818.029 for S&P/ASX
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Pricing date: | July 25
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Settlement date: | Aug. 1
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Agent: | TD Securities (USA) LLC
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Fees: | None
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Cusip: | 89114Q3R7
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