Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $8.27 million Accelerated Return Notes on iShares ETF
By William Gullotti
Buffalo, N.Y., Jan. 30 – Toronto-Dominion Bank priced $8.27 million of 0% Accelerated Return Notes due March 28, 2025 linked to the iShares U.S. Aerospace & Defense ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 12.75%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated Return Notes
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Underlying fund: | iShares U.S. Aerospace & Defense ETF
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Amount: | $8,269,560
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Maturity: | March 28, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any ETF gain, capped at par plus 12.75%; full exposure to any ETF decline
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Initial level: | $121.67
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Pricing date: | Jan. 25
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Settlement date: | Feb. 1
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 89116C131
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