Chicago, Dec. 15 – Toronto-Dominion Bank priced $600,000 of 0% autocallable contingent barrier notes due April 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes above its initial level on April 21, 2023, the notes will be called at par plus 11%.
If the notes are not called and the final index level is greater than its initial level, the payout will be par plus the greater of the return of the index and 22%.
If the index falls but finishes at or above its barrier value, 85% of the initial level, investors will receive par.
Otherwise, 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: | Autocallable contingent barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $600,000
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| Maturity: | April 11, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus greater of index return and 22% if index finishes at or above initial level; par if index declines up to 15%; otherwise, full exposure to loss of index
|
| Call: | At par plus 11% call premium if index closes above initial level on April 21, 2023
|
| Initial level: | 4,488.28
|
| Barrier value: | 3,815.038, 85% of initial level
|
| Pricing date: | April 8
|
| Settlement date: | April 13
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 89114VC47
|
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