By William Gullotti
Buffalo, N.Y., Jan. 31 – Toronto-Dominion Bank priced $6.2 million of 0% autocallable market-linked step-up notes due Jan. 30, 2026 linked to a stock basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the stocks of Goldman Sachs Group, Inc. with a 33.34% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.33% weight.
The notes will be called at par of $10 plus a premium of 16.15% per year if the basket closes at or above its initial level on any annual observation date.
If the basket finishes above the step-up level, 145% of the initial level, the payout at maturity will be par plus the basket return.
If the basket finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up payment of 45%.
Investors will be fully exposed to any basket decline.
BofA Securities, Inc. is the underwriter.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying stocks: | Goldman Sachs Group, Inc. (33.34% weight), JPMorgan Chase & Co. (33.33% weight), Morgan Stanley (33.33% weight)
|
| Amount: | $6,200,640
|
| Maturity: | Jan. 30, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the basket finishes above the step-up level, par plus the basket return; if the basket finishes at or below the step-up level but at or above the initial level, par plus 45%; otherwise, full exposure to any basket decline
|
| Call: | Automatically at par plus a premium of 16.15% per year if the basket closes at or above its initial level on any annual observation date
|
| Initial levels: | $354.97 for Goldman Sachs, $139.98 for JPMorgan, $96.50 for Morgan Stanley
|
| Step-up level: | 145% of initial level
|
| Pricing date: | Jan. 26
|
| Settlement date: | Feb. 2
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 891162166
|
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