New Issue: TD Bank prices $11.28 million market-linked one look notes on SPDR S&P Biotech ETF

By William Gullotti

Buffalo, N.Y., Oct. 25 – Toronto-Dominion Bank priced $11.28 million of 0% market-linked one look notes due Dec. 20, 2024 linked to the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

TD Bank sold 1,127,671 units with a face amount of $10 each, for a total principal amount of $11,276,710. The issuer sold 301,508 units to an individual investor at $9.95 per unit and the remainder to the public at par of $10, for total proceeds of $11,261,634.60.

If the ETF finishes flat or gains, the payout at maturity will be par plus 26.15%.

Otherwise, investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Market-linked one look notes
Underlying ETF:	SPDR S&P Biotech ETF
Principal amount:	$11,276,710
Proceeds:	$11,261,634.60
Maturity:	Dec. 20, 2024
Coupon:	0%
Price:	$9.95 per unit for 301,508 units; par of $10 for remainder
Payout at maturity:	Par plus 26.15% unless ETF finishes below its initial price, in which case full exposure to decline
Initial price:	$67.09
Pricing date:	Oct. 19
Settlement date:	Oct. 27
Underwriter:	BofA Securities, Inc.
Fees:	1.25% for 301,508 units; 1.75% for remainder
Cusip:	89116C230

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