New Issue: TD Bank prices $22.32 million Accelerated Return Notes on financial stock basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – Toronto-Dominion Bank priced $22.32 million of 0% Accelerated Return Notes due Sept. 30, 2022 linked to an equally weighted basket of stocks,, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the common stocks of Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 23.5%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Accelerated Return Notes
Underlying basket:	Goldman Sachs Group, Inc., JPMorgan Chase & Co. and Morgan Stanley, equal weights
Amount:	$22,319,980
Maturity:	Sept. 30, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 23.5%; exposure to any basket decline
Initial stock levels:	$377.55 for Goldman, $153.00 for JPMorgan and $96.28 for Morgan Stanley
Pricing date:	July 29
Settlement date:	Aug. 5
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	891162505

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