TD Bank to price callable contingent interest barrier notes on four indexes

By Sarah Lizee

Olympia, Wash., Aug. 7 – Toronto-Dominion Bank plans to price callable contingent interest barrier notes due Aug. 14, 2025 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8% if each index closes at or above the 60% contingent interest barrier level on the observation date for that quarter.

The notes will be callable at par on any quarterly observation date.

The payout at maturity will be par plus the coupon unless any index finishes below the 50% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

TD Securities (USA) LLC is the agent.

The notes will price on Aug. 11.

The Cusip number is 89114RQ82.

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