A system and method for forming a looped suture having a tapered cut is provided. The system includes a base for selectively retaining a portion of thread, a clamping device for receiving a first end of the thread, a tensioning device for receiving a second end of the thread, and a welding/cutting assembly configured to join a first section and second section of the thread to form a loop and to form a tapered end on the first section of the thread. A die for forming a looped suture having a tapered cut is also provided.