Published on 1/6/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank sells $1.48 million autocallable notes on Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – Toronto-Dominion Bank priced $1.48 million of 0% autocallable notes due Dec. 26, 2025 linked to the least performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 13% annualized premium if each index closes at or above its initial level on any quarterly call observation date after one year.
If the notes are not called, at maturity investors will be fully exposed to the decline of the least performing index.
Barclays is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Autocallable notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000
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Amount: | $1,484,000
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Maturity: | Dec. 26, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Full exposure to decline of worst performing index
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Call: | At par plus 13% annualized if each index closes at or above initial level on any quarterly call observation date after one year
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Initial levels: | 33,376.48 for Dow, 1,776.941 for Russell
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Barclays
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Fees: | 3.75%
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Cusip: | 89114YKH3
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