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Published on 9/7/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $23.85 million autocallable Strategic Accelerated Redemption Securities on Russell

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Toronto-Dominion Bank priced $23.85 million of autocallable Strategic Accelerated Redemption Securities due Aug. 25, 2028 linked to the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 9.35% if the closing level of the index is equal to or greater than its initial level on any yearly observation date.

If the notes are not called at maturity, investors will receive par if the index falls by up to 15% and will be exposed to the index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Autocallable Strategic Accelerated Redemption Securities
Underlying index:Russell 2000
Amount:$23,851,530
Maturity:Aug. 25, 2028
Coupon:0%
Price:Par of $10
Payout at maturity:Par if index falls by up to 15%, exposure to losses beyond 15%
Call:Par plus 9.35% annualized call premium if the closing level of the index is equal to or greater than its initial level on any yearly observation date
Initial level:1,899.676
Threshold level:1,614.725, 85% of initial level
Pricing date:Aug. 31
Settlement date:Sept. 8
Agent:BofA Securities, Inc.
Fees:2%
Cusip:89116C479

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