Chicago, Feb. 16 – Toronto-Dominion Bank priced $250,000 of autocallable contingent interest barrier notes with memory interest due Oct. 10, 2024 linked to the performance of the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Quarterly, the notes will pay a contingent interest payment at the rate of 20.4% per year if the stock closes at or above the coupon barrier price, 80% of the initial share price, on the observation date for that period. Previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent interest payment if the shares of the stock close at or above the initial price on any quarterly observation date.
If the notes are not called, the payout at maturity will be par plus the final contingent interest payment unless the stock finishes below the barrier price, 80% of the initial share price, in which case investors will be fully exposed to the losses of the stock.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Autocallable contingent interest barrier notes with memory interest
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| Underlying stock: | Halliburton Co.
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| Amount: | $250,000
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| Maturity: | Oct. 10, 2024
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| Coupon: | 20.4% annual rate, payable quarterly if the stock closes at or above coupon barrier price on the relevant observation date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par plus final contingent interest payment unless the stock finishes below barrier price, in which case full exposure to losses of stock
|
| Call: | Automatically at par plus contingent interest payment if the stock closes at or above its initial share price on any quarterly observation date
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| Initial share price: | $35.78
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| Coupon barrier price: | $28.624; 80% of initial level
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| Barrier value price: | $28.624; 80% of initial level
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | TD Securities (USA) LLC
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| Fees: | 0%
|
| Cusip: | 89115FNZ0
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