New Issue: TD Bank prices $40.51 million of autocallable Stars linked to Russell 2000

By William Gullotti

Buffalo, N.Y., Jan. 30 – Toronto-Dominion Bank priced $40.51 million of 0% autocallable Strategic Accelerated Redemption Securities due Jan. 29, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

TD Bank sold 4,051,275 units with a face amount of $10 each, for a total principal amount of $40,512,750. The issuer sold 320,000 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $40,496,750.

The notes will be called at par plus a premium of 11.91% per year if the closing level of the index is greater than or equal to its starting value on any annual observation date.

If the notes are not called at maturity, investors will be fully exposed to the decline of the index.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	Russell 2000 index
Principal amount:	$40,512,750
Proceeds:	$40,496,750
Maturity:	Jan. 29, 2027
Coupon:	0%
Price:	$9.95 per unit for 320,000 units; par of $10 for remainder
Payout at maturity:	Full exposure to loss
Call:	At par plus premium of 11.91% per year if index closes at or above its initial value on any annual observation date, including maturity
Initial value:	1,975.878
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Agent:	BofA Securities, Inc.
Fees:	1.5% for 320,000 units; 2% for remainder
Cusip:	89116B869

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