New Issue: TD Bank prices $40,000 callable contingent interest barrier notes linked to indexes

By Angela McDaniels

Tacoma, Wash., May 15 – Toronto-Dominion Bank priced $40,000 of callable contingent interest barrier notes due Dec. 5, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 11.52% if each index closes at or above its barrier level, 70% of its initial level, on the review date for that quarter.

The notes are callable at par.

The payout at maturity will be par unless the least-performing index finishes below its barrier level, in which case investors will be exposed to the least-performing index’s decline.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Callable contingent interest barrier notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$40,000
Maturity:	Dec. 5, 2024
Coupon:	11.52% per year, payable quarterly if each index closes at or above barrier level on review date for that quarter
Price:	Par
Payout at maturity:	Par unless least-performing index finishes below barrier level, in which case exposure to least-performing index’s decline
Call option:	Quarterly at par
Initial levels:	12,642.10 for Nasdaq, 1,864.043 for Russell and 4,132.15 for S&P
Barrier levels:	8,849.47 for Nasdaq, 1,304.8301 for Russell and 2,892.505 for S&P, or 70% of initial levels
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89114Y2X8

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