Published on 5/2/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $1.17 million Accelerated Return Notes on Vanguard Small-Cap
By Wendy Van Sickle
Columbus, Ohio, May 2 – Toronto-Dominion Bank priced $1.17 million of 0% Accelerated Return Notes due June 28, 2024 linked to the Vanguard Small-Cap Value 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 18.01%.
Investors will be exposed to any ETF decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Accelerated Return Notes
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Underlying ETF: | Vanguard Small-Cap Value ETF
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Amount: | $1,167,390
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Maturity: | June 28, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any ETF gain, capped at par plus 18.01%; full exposure to any ETF decline
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Initial level: | $155.51
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Final level: | Average of closing levels on five trading days ending June 25, 2024
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Pricing date: | April 27
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Settlement date: | May 4
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Agent: | BofA Securities, Inc.
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Fees: | 1.75%
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Cusip: | 89116C776
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