Published on 2/23/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $31.92 million Accelerated Return Notes on Pacer US Cash Cows 100
By Wendy Van Sickle
Columbus, Ohio, Feb. 23 – Toronto-Dominion Bank priced $31.92 million of 0% Accelerated Return Notes due April 26, 2024 linked to the Pacer US Cash Cows 100 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 17.67%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
|
Issue: | Accelerated Return Notes
|
Underlying ETF: | Pacer US Cash Cows 100 ETF
|
Amount: | $31,920,230
|
Maturity: | April 26, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus triple any ETF gain, capped at par plus 17.67%; full exposure to any ETF decline
|
Initial level: | $49.39
|
Final level: | Average of closing levels on five trading days ending April 23, 2024
|
Pricing date: | Feb. 16
|
Settlement date: | Feb. 24
|
Agent: | BofA Securities, Inc.
|
Fees: | 1.75%
|
Cusip: | 89116C107
|
|
© 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.