New Issue: TD sells $4.06 million 7.7% callable fixed-interest barrier notes on indexes

By Taylor Fox

New York, Jan. 19 – Toronto-Dominion Bank priced $4.06 million of 7.7% callable fixed-interest barrier notes due June 28, 2022 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes are callable at par plus any coupon due on any semiannual call payment date.

The payout at maturity will be par plus the contingent coupon unless any index finishes below the barrier price, 70% of the initial share price, in which case investors will be fully exposed to the laggard index’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Callable fixed interest barrier notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and the S&P 500 index
Amount:	$4,063,000
Maturity:	June 28, 2022
Coupon:	7.7%, payable semiannually
Price:	Par
Payout at maturity:	Par plus contingent coupon unless any index finishes below barrier price, in which case full exposure to laggard index’s decline
Call option:	Callable at par plus contingent coupon on any semiannual call payment date
Initial levels:	30,129.83 for Dow, 12,653.14 for Nasdaq and 3,690.01 for S&P
Barrier levels:	21,090.881 for Dow, 8,857.198 for Nasdaq and 2,583.007 for S&P, 70% of initial share prices
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	TD Securities (USA) LLC
Fees:	0.4969%
Cusip:	89114T4L3

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