By Marisa Wong
Morgantown, W.Va., April 26 – Toronto-Dominion Bank priced $4.4 million of 8% autocallable fixed interest barrier notes due April 25, 2019 linked to the common stock of Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be automatically called at par if Marathon shares close at or above the initial share price on any monthly valuation date other than the final valuation date.
If the notes are not called and the final share price is greater than or equal to the 60% barrier price, the payout at maturity will be par. Otherwise, investors will have one-to-one exposure to the stock’s decline.
TD Securities (USA) LLC is the underwriter.
Issuer: | Toronto-Dominion Bank
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Issue: | Autocallable fixed interest barrier notes
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Underlying stock: | Marathon Oil Corp. (Symbol: MRO)
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Amount: | $4.4 million
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Maturity: | April 25, 2019
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Coupon: | 8%, payable monthly
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Price: | Par
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Payout at maturity: | If the final share price is greater than or equal to the barrier price, par; otherwise, investors will have one-to-one exposure to the stock’s decline
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Call: | Automatically at par if Marathon shares close at or above the initial share price on any monthly valuation date other than the final valuation date
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Initial share price: | $15.06
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Barrier price: | $9.036, 60% of initial share price
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Pricing date: | April 19
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Settlement date: | April 24
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Agent: | TD Securities (USA) LLC
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Fees: | 2.25%
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Cusip: | 89114QZX9
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