Published on 8/1/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $15.04 million market-linked one look notes on VanEck Gold Miners ETF
By William Gullotti
Buffalo, N.Y., Aug. 1 – Toronto-Dominion Bank priced $15.04 million of 0% market-linked one look notes due Aug. 9, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes flat or gains, the payout at maturity will be par plus 28.2%.
Otherwise, investors will be fully exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Market-linked one look notes
|
Underlying ETF: | VanEck Gold Miners ETF
|
Principal amount: | $15,043,290
|
Maturity: | Aug. 9, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 28.2% unless ETF finishes below its initial price, in which case full exposure to decline
|
Initial price: | $30.35
|
Pricing date: | July 27
|
Settlement date: | Aug. 3
|
Underwriter: | BofA Securities, Inc.
|
Fees: | 1.5%
|
Cusip: | 89116C636
|
|
© 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.