New Issue: TD Bank prices $30.07 million Accelerated Return Notes on Energy Select Sector SPDR Fund

By William Gullotti

Buffalo, N.Y., April 4 – Toronto-Dominion Bank priced $30.07 million of 0% Accelerated Return Notes due May 31, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

TD Bank sold 3,007,360 units with a face amount of $10 each, for a total principal amount of $30,073,600. The issuer sold 332,875 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $30,056,956.25.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 33.52%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Accelerated Return Notes
Underlying fund:	Energy Select Sector SPDR Fund
Principal amount:	$30,073,600
Proceeds:	$30,056,956.25
Maturity:	May 31, 2024
Coupon:	0%
Price:	$9.95 per unit for 332,875 units; par of $10 for remainder
Payout at maturity:	Par plus triple any ETF gain, capped at par plus 33.52%; full exposure to any ETF decline
Initial level:	$82.26
Pricing date:	March 30
Settlement date:	April 6
Agent:	BofA Securities, Inc.
Fees:	1.25% for 332,875 units; 1.75% for remainder
Cusip:	89116C503

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