Published on 6/28/2022 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $93.28 million Accelerated Return Notes on S&P 500
By William Gullotti
Buffalo, N.Y., June 28 – Toronto-Dominion Bank priced $93.28 million of 0% Accelerated Return Notes due Aug. 25, 2023 linked to the S&P 500 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 20.31%.
Investors will be exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Accelerated Return Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $93,277,440
|
| Maturity: | Aug. 25, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, capped at par plus 20.31%; full exposure to any index decline
|
| Initial level: | 3,795.73
|
| Pricing date: | June 23
|
| Settlement date: | June 30
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 891162612
|
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