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Published on 11/1/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $8.1 million Accelerated Return Notes tied to index basket

By William Gullotti

Buffalo, N.Y., Nov. 1 – Toronto-Dominion Bank priced $8.1 million of 0% Accelerated Return Notes due Dec. 29, 2023 linked to a weighted basket of international equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the FTSE China 50 index with a 5% weight.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum payout of par plus 26.3%.

Investors will be exposed to any basket decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Accelerated Return Notes
Underlying basket:Euro Stoxx 50 index (40% weight), FTSE 100 index (20% weight), Nikkei Stock Average (20% weight), Swiss Market index (7.5% weight), S&P/ASX 200 index (7.5% weight), FTSE China 50 index (5% weight)
Amount:$8,098,820
Maturity:Dec. 29, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, capped at par plus 26.3%; full exposure to any basket decline
Initial levels:3,604.51 for Stoxx, 7,073.69 for FTSE 100, 27,345.24 for Nikkei, 10,706.62 for Swiss, 6,845.133 for S&P/ASX, 9,943.68 for FTSE China 50
Pricing date:Oct. 27
Settlement date:Nov. 3
Underwriter:BofA Securities, Inc.
Fees:1.75%
Cusip:891162356

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