Published on 11/20/2017 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $2.95 million leveraged notes linked to index basket
By Marisa Wong
Morgantown, W.Va., Nov. 20 – Toronto-Dominion Bank priced $2.95 million of leveraged notes due Nov. 19, 2019 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 2.03 times the basket gain.
Investors will be fully exposed to any basket decline.
TD Securities (USA) LLC and Goldman, Sachs & Co. are the agents.
Issuer: | Toronto-Dominion Bank
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Issue: | Leveraged notes
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Underlying basket: | Euro Stoxx 50 index with a 37% weight, FTSE 100 index with a 23% weight, Topix index with a 23% weight, Swiss Market index with a 9% weight and S&P/ASX 200 index with an 8% weight
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Amount: | $2,945,000
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Maturity: | Nov. 19, 2019
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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 2.03 times the basket gain; full exposure to losses
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Initial levels: | 3,556.38 for Euro Stoxx, 7,414.42 for FTSE, 1,778.87 for Topix, 9,130.48 for Swiss Market and 5,968.746 for S&P/ASX
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Pricing date: | Nov. 14
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Settlement date: | Nov. 21
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Agents: | TD Securities (USA) LLC and Goldman, Sachs & Co.
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Fees: | 1.75%
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Cusip: | 89114QJY5
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