By Susanna Moon
Chicago, Nov. 8 – Toronto-Dominion Bank priced $2.91 million of autocallable contingent interest barrier notes due Nov. 3, 2021 linked to the VanEck Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8.03% if the fund closes at or above the 65% coupon barrier on the valuation date for that quarter.
The notes will be called at par if the fund closes at or above the initial level on any valuation date other than the final valuation date.
The payout at maturity will be par unless the fund finishes below the 60% barrier level, in which case investors will be fully exposed to any losses.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Autocallable contingent interest barrier notes
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| Underlying fund: | VanEck Vectors Junior Gold Miners
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| Amount: | $2.91 million
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| Maturity: | Nov. 3, 2021
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| Coupon: | 8.03% per year, payable quarterly if fund closes at or above 65% coupon barrier on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless fund finishes below 60% barrier, in which case 1% loss per 1% decline
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| Call: | At par if fund closes at or above initial share price on any valuation date other than final valuation date
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| Initial share price: | $31.99
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| Coupon barrier: | $20.7935, 65% of initial level
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| Trigger level: | $19.194, 60% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | TD Securities (USA) LLC
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| Fees: | 2.75%
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| Cusip: | 89114QJU3
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