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TD Bank plans market-linked notes with leveraged upside on six funds
By Susanna Moon
Chicago, Jan. 11 – Toronto-Dominion Bank plans to price 0% market linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 3, 2022 linked to a basket of six exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR S&P 500 ETF trust with a 50% weight, the iShares Russell 2000 ETF with a 15% weight, the iShares MSCI EAFE ETF with a 15% weight, the iShares MSCI Emerging Markets ETF with a 10% weight, the PowerShares DB Commodity Index Tracking fund with a 5% weight and the Vanguard REIT ETF with a 5% weight.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum return of 46% to 51%.
Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
The notes will price on Jan. 31 and settle on Feb. 3.
The Cusip number is 89114QZA9.
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