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
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.