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Published on 10/4/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $3.67 million Accelerated Return Notes on iShares ETF

By William Gullotti

Buffalo, N.Y., Oct. 4 – Toronto-Dominion Bank priced $3.67 million of 0% Accelerated Return Notes due Nov. 29, 2024 linked to the iShares U.S. Aerospace & Defense ETF, 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 15.05%.

Investors will be exposed to any ETF decline.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Accelerated Return Notes
Underlying fund:iShares U.S. Aerospace & Defense ETF
Amount:$3,666,140
Maturity:Nov. 29, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus triple any ETF gain, capped at par plus 15.05%; full exposure to any ETF decline
Initial level:$105.86
Pricing date:Sept. 28
Settlement date:Oct. 5
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:89116C362

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