Published on 4/30/2018 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $2.69 million leveraged capped buffered notes on index, ETF basket
By Wendy Van Sickle
Columbus, Ohio, April 30 – Toronto-Dominion Bank priced $2.69 million of leveraged capped buffered notes due July 25, 2019 linked a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight, the iShares MSCI EAFE ETF with a 25% weight, the Russell 200 index with a 10% weight and the iShares MSCI Emerging Markets ETF with a 5% 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 $1,120 per $1,000 principal amount.
Investors will receive par if the basket declines by up to 10% and will lose 1% for every 1% decline beyond the 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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| Underlying basket: | S&P 500 index with a 60% weight, iShares MSCI EAFE ETF with a 25% weight, Russell 200 index with a 10% weight and iShares MSCI Emerging Markets ETF with a 5% weight
|
| Amount: | $2,692,000
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| Maturity: | July 25, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 1.5 times the basket gain, subject to a maximum payout of $1,120 per $1,000 principal amount; par if the basket declines by up to 10%; 1% loss for every 1% decline beyond the buffer
|
| Initial levels: | 2,639.40 for S&P, $70.55 for MSCI EAFE, 1,550.467 for Russell and $46.30 for MSCI Emerging Markets
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.6%
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| Cusip: | 89114QMT2
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