Published on 9/7/2023 in the Prospect News Structured Products Daily.
New Issue: TD Bank prices $29.19 million autocallable Leveraged Index Return Notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – Toronto-Dominion Bank priced $29.19 million of 0% autocallable Leveraged Index Return Notes due Aug. 28, 2026 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be called at par plus an10.17% annualized redemption premium if the index closes at or above its initial level on any annual call date.
If the notes are not called, at maturity investors will have full exposure to the index decline.
BofA Securities, Inc. is the agent.
Issuer: | Toronto-Dominion Bank
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Issue: | Autocallable Leveraged Index Return Notes
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Underlying index: | S&P 500 index
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Amount: | $29,192,480
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Maturity: | Aug. 28, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If notes are not called, full exposure to loss
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Call: | Par plus 10.17% annualized redemption premium if index closes at or above initial level on any annual call date
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Initial level: | 4,507.66
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Pricing date: | Aug. 31
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Settlement date: | Sept. 8
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Agent: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 89116C511
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