New Issue: TD Bank prices $30.66 million Accelerated Return Notes tied to SPDR ETF

By William Gullotti

Buffalo, N.Y., Oct. 31 – Toronto-Dominion Bank priced $30.66 million of 0% Accelerated Return Notes due Dec. 20, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

TD Bank sold 3,066,175 units with a face amount of $10 each, for a total principal amount of $30,661,750. The issuer sold 300,000 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $30,646,750.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 31.05%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Principal amount:	$30,661,750
Proceeds:	$30,646,750
Maturity:	Dec. 20, 2024
Coupon:	0%
Price:	$9.95 per unit for 300,000 units; par of $10 for remainder
Payout at maturity:	Par plus triple any ETF gain, capped at par plus 31.05%; full exposure to any ETF decline
Initial level:	$86.71
Pricing date:	Oct. 26
Settlement date:	Nov. 2
Agent:	BofA Securities, Inc.
Fees:	1.25% for 300,000 units; 1.75% for remainder
Cusip:	89116C347

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