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Published on 4/28/2020 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $9.39 million accelerated return notes on index basket

By Wendy Van Sickle

Columbus, Ohio, April 28 – Toronto-Dominion Bank priced $9.39 million of 0% accelerated return notes due June 25, 2021 linked to 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 an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng index with an initial weight of 5%.

If the basket return is positive, the payout at maturity will be par plus 3 times the return of the basket, capped at par plus 20.32%.

Investors will be fully exposed to any decline in the basket.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Accelerated return notes
Basket components:Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average index (20% weight), Swiss Market index (7.5% weight), the S&P/ASX 200 index (7.5% weight) and the Hang Seng index (5% weight)
Amount:$9,391,870
Maturity:June 25, 2021
Coupon:0%
Price:Par
Payout at maturity:If the basket return is positive, par plus 3 times the return of the basket, capped at par plus 20.32%; full exposure to any loss
Initial levels:2,852.46 for Stoxx, 5,826.61 for FTSEl, 19,429.44 for Nikkei, 9,625.48 for Swiss, 5,217.11 for S&P/ASX, 23,977.32 for Hang Seng
Pricing date:April 23
Settlement date:April 30
Underwriter:BofA Securities, Inc.
Fees:2%
Cusip:891160483

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