TD Bank plans leveraged capped buffered notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 9 – Toronto-Dominion Bank plans to price 0% 24- to 27-month leveraged capped buffered notes linked a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% 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 1.5 times the basket return, subject to a maximum payout of $1,327.60 to $1,385.20 per $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the basket declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

TD Securities (USA) LLC and Goldman, Sachs & Co. are the agents.

The Cusip number is 89114QZC5.

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