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Published on 8/1/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $9.7 million of autocallable Stars linked to Invesco ETF

By William Gullotti

Buffalo, N.Y., Aug. 1 – Toronto-Dominion Bank priced $9.7 million of 0% autocallable Strategic Accelerated Redemption Securities due July 27, 2029 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 7.93% per year if the closing level of the ETF is greater than or equal to its starting value on any annual observation date.

If the notes are not called at maturity, investors will be fully exposed to ETF decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Autocallable Strategic Accelerated Redemption Securities
Underlying ETF:Invesco S&P 500 Equal Weight ETF
Amount:$9,703,200
Maturity:July 27, 2029
Coupon:0%
Price:Par of $10
Payout at maturity:If not called at maturity, full exposure to loss
Call:At par plus premium of 7.93% per year if ETF closes at or above its initial value on any annual observation date
Initial value:$153.64
Pricing date:July 27
Settlement date:Aug. 3
Agent:BofA Securities, Inc.
Fees:2%
Cusip:89116C560

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