By Marisa Wong
Los Angeles, April 3 – Toronto-Dominion Bank priced $3.8 million of 0% contingent barrier return enhanced notes due April 1, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 104.5% of the gain.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier value, 60% of the initial index level, the payout will be par.
If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Contingent barrier return enhanced notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $3.8 million
|
| Maturity: | April 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 104.5% of any index gain; par if index finishes flat or falls by up to 40%; otherwise, 1% loss for every 1% that index declines from initial level
|
| Initial level: | 7,897.128
|
| Barrier value: | 4,738.2768, 60% of initial level
|
| Final level: | Average of index closing levels for five trading days ending March 27, 2025
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 89114RGR1
|
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