By Angela McDaniels
Tacoma, Wash., Aug. 15 – Toronto-Dominion Bank priced $899,000 of 0% leveraged barrier notes due Aug. 16, 2024 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each ETF is positive, the payout at maturity will be par plus 255.36% of the return of the lesser-performing ETF.
If the lesser-performing ETF’s return is less than or equal to zero but greater than or equal to negative 50%, the payout will be par.
If the lesser-performing ETF’s return is less than negative 50%, investors will lose 1% for every 1% that the lesser-performing ETF declines from its initial share price.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged barrier notes
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| Underlying ETFs: iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $899,000
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| Maturity: | Aug. 16, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If return of each ETF is positive, par plus 255.36% of return of lesser-performing ETF; if lesser-performing ETF’s return is less than or equal to zero but greater than or equal to negative 50%, par; if lesser-performing ETF’s return is less than negative 50%, 1% loss for every 1% that lesser-performing ETF declines from initial share price
|
| Initial share prices: | $61.30 for EAFE fund and $38.74 for EM fund
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| Barrier values: | $30.65 for EAFE fund and $19.37 for EM fund, or 50% of initial share prices
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 19
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| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.37%
|
| Cusip: | 89114Q5Q7
|
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