By Wendy Van Sickle
Columbus, Ohio, June 6 – Toronto-Dominion Bank priced $2.92 million of market-linked securities – leveraged upside participation and contingent downside due June 5, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 133% of the ETF return.
Investors will receive par if the ETF falls by up to 30% and will be fully exposed to the decline if the ETF falls by more than 30%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Market-linked securities – leveraged upside participation and contingent downside
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| Underlying ETF: | iShares MSCI EAFE ETF
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| Amount: | $2.92 million
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| Maturity: | June 5, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 133% of any ETF gain; par if ETF falls by up to 30%; full exposure to loss if ETF falls by more than 30%
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| Initial price: | $69.84
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| Threshold price: | $48.888, 70% of initial price
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| Pricing date: | May 30
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| Settlement date: | June 4
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| Agents: | TD Securities (USA) LLC and Wells Fargo Securities, LLC
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| Fees: | 3.63%
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| Cusip: | 89114QMW5
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