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Published on 12/29/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $24.14 million Accelerated Return Notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Feb. 1 – Toronto-Dominion Bank priced $24.14 million of 0% Accelerated Return Notes due Feb. 28, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 19.35%.

Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Accelerated Return Notes
Underlying index:Russell 2000 index
Amount:$24,141,330
Maturity:Feb. 28, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any index gain, capped at par plus 19.35%; full exposure to any index decline
Initial level:2,017.065
Pricing date:Dec. 21
Settlement date:Dec. 29
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:89116B604

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