Published on 2/2/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $33.85 million Accelerated Return Notes on Russell 2000
By Marisa Wong
Los Angeles, Feb. 2 – Toronto-Dominion Bank priced $33.85 million of 0% Accelerated Return Notes due March 25, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 21%. Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated Return Notes
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Underlying index: | Russell 2000
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Amount: | $33,849,320
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Maturity: | March 25, 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 index gain, capped at par plus 21%; exposure to any index decline
|
Initial index level: | 2,106.609
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Final index level: | Average of index’s closing levels on five trading days ending March 22, 2022
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Pricing date: | Jan. 28
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Settlement date: | Feb. 4
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Underwriter: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 891160285
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