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Published on 4/12/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $6.46 million Strategic Accelerated Redemption Securities on S&P

By Wendy Van Sickle

Columbus, Ohio, April 12 – Toronto-Dominion Bank priced $6.46 million of Strategic Accelerated Redemption Securities due April 27, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 10.2% per year if the closing level of the index is greater than its starting value on any annual observation date.

If the notes are not called, investors will be fully exposed to the index decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Strategic Accelerated Redemption Securities
Underlying index:S&P 500
Amount:$6,460,670
Maturity:April 27, 2029
Coupon:0%
Price:Par of $10
Payout at maturity:If not called, full exposure to loss
Call:At par plus 10.2% per year if the closing level of the index is greater than its starting value on any annual observation date
Initial level:4,105.02
Agent:BofA Securities, Inc.
Pricing date:April 6
Settlement date:April 14
Fees:2%
Cusip:89116C859

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