By William Gullotti
Buffalo, N.Y., July 6 – Toronto-Dominion Bank priced $2.01 million of 0% market-linked autocallable securities with fixed percentage buffered downside due July 7, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a fixed call premium of 10.8% per year if the ETF closes at or above the initial ETF level on any annual call observation date.
The payout at maturity will be par unless the ETF falls by more than 10% in which case investors will be exposed to losses beyond the 10% buffer.
Wells Fargo Securities, LLC is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Market-linked autocallable securities with fixed-percentage buffered downside
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $2,011,000
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Maturity: | July 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless the ETF falls by more than 10% in which case exposure to losses beyond 10%
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Call: | Automatically at par plus 10.8% per year fixed call premium if the ETF closes at or above the initial ETF level on any annual call observation date
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Initial level: | $53.87
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Threshold level: | $48.483; 90% of initial level
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Pricing date: | June 30
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Settlement date: | July 6
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Underwriter: | Wells Fargo Securities, LLC
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Fees: | 2.825%
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Cusip: | 89114TK68
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