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Published on 2/4/2021 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $5.81 million Accelerated Return Notes on SPDR Gold

By Wendy Van Sickle

Columbus, Ohio, Feb. 4 – Toronto-Dominion Bank priced $5.81 million of 0% Accelerated Return Notes due March 25, 2022 linked to the SPDR Gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payout of par plus 15.12%. Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Accelerated Return Notes
Underlying ETF:SPDR Gold
Amount:$5,810,860
Maturity:March 25, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any ETF gain, capped at par plus 15.12%; exposure to any ETF decline
Initial ETF level:$172.68
Final ETF level:Average of ETF’s closing levels on five trading days ending March 22, 2022
Pricing date:Jan. 28
Settlement date:Feb. 4
Underwriter:BofA Securities, Inc.
Fees:1.75%
Cusip:891160277

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