New Issue: TD sells $4.48 million of 8% autocallable fixed-interest barrier notes on stocks

By Sarah Lizee

Olympia, Wash., June 16 – Toronto-Dominion Bank priced $4.48 million of 8% autocallable fixed interest barrier notes due June 15, 2022 linked to common stocks of salesforce.com, inc., Alphabet Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any monthly call observation date, starting Dec. 11.

The payout at maturity will be par unless any stock finishes below its barrier level, 58.5% of its initial level, in which case investors will be fully exposed to the laggard stock’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable fixed interest barrier notes
Underlying stocks:	salesforce.com, inc., Alphabet Inc. and Microsoft Corp.
Amount:	$4,475,000
Maturity:	June 15, 2022
Coupon:	8%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its barrier level, in which case investors will be fully exposed to the laggard stock’s decline
Call:	Automatically at par if each stock closes at or above its initial level on any monthly call observation date, starting Dec. 11
Initial levels:	$172.05 for salesforce, $1,401.90 for Alphabet, $186.27 for Microsoft
Barrier levels:	$100.6493 for salesforce, $820.1115 for Alphabet, $108.968 for Microsoft, 58.5% of initial levels
Pricing date:	June 11
Settlement date:	June 16
Agent:	TD Securities (USA) LLC
Fees:	3.01%
Cusip:	891160A94

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