Published on 3/31/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $16.86 million Accelerated Return Notes on basket of indexes
By Wendy Van Sickle
Columbus, Ohio, March 31 – Toronto-Dominion Bank priced $16.86 million of 0% Accelerated Return Notes due May 27, 2022 linked to an equally weighted basket of three equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The indexes are the Energy Select Sector index, the Materials Select Sector index and the Industrial Select Sector index.
The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 20.2%. Investors will be exposed to any basket decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated Return Notes
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Underlying basket: | Energy Select Sector index, Materials Select Sector index and Industrial Select Sector index, equal weights
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Amount: | $16,857,520
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Maturity: | May 27, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any basket gain, capped at par plus 20.2%; exposure to any basket decline
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Initial stock levels: | 515.29 for Energy, 822.36 for Materials, 973.68 for Industrial
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Pricing date: | March 25
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Settlement date: | April 1
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 891160160
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