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Published on 2/14/2024 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $5 million of autocallable Stars linked to tech stock basket

By William Gullotti

Buffalo, N.Y., Feb. 14 – Toronto-Dominion Bank priced $5 million of 0% autocallable Strategic Accelerated Redemption Securities due Feb. 26, 2027 linked to a stock basket, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Meta Platforms, Inc. with a 33.33% weight, Nvidia Corp. with a 33.33% weight and Tesla, Inc. with a 33.34% weight.

The notes will be called at par plus a premium of 19.25% per year if the closing level of the basket 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 the decline of the basket.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Autocallable Strategic Accelerated Redemption Securities
Underlying stocks:Meta Platforms, Inc. (33.33% weight), Nvidia Corp. (33.33% weight), Tesla, Inc. (33.34% weight)
Amount:$5 million
Maturity:Feb. 26, 2027
Coupon:0%
Price:Par of $10
Payout at maturity:Full exposure to loss
Call:At par plus premium of 19.25% per year if basket closes at or above its initial value on any annual observation date, including maturity
Initial levels:$470.00 for Meta, $696.41 for Nvidia, $189.56 for Tesla
Pricing date:Feb. 8
Settlement date:Feb. 15
Agent:BofA Securities, Inc.
Fees:2%
Cusip:89116B844

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