Published on 8/3/2021 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $18.01 million market-linked one look notes on iShares Silver Trust
By Marisa Wong
Los Angeles, Aug. 3 – Toronto-Dominion Bank priced $18.01 million of 0% market-linked one look notes due Aug. 12, 2022 linked to the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes flat or gains, the payout at maturity will be par plus 22.02%. Otherwise, investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Market-linked one look notes
|
| Underlying ETF: | iShares Silver Trust
|
| Principal amount: | $18,010,190
|
| Maturity: | Aug. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 22.02% unless ETF finishes below its initial price, in which case full exposure to losses
|
| Initial price: | $23.72
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 5
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 1.5%
|
| Cusip: | 891162703
|
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