By Wendy Van Sickle
Columbus, Ohio, June 28 – Toronto-Dominion Bank priced $1.53 million of 0% dual directional capped contingent barrier notes due July 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return, capped at par plus 7%.
If the index declines but finishes at or above the 69% barrier level, the payout will be par plus the absolute value of the index return.
If the index finishes below the barrier level, investors will lose 1% for every 1% index decline from its initial level.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Dual directional capped contingent barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.53 million
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| Maturity: | July 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 7%; if the index declines but finishes at or above the barrier level, par plus the absolute value of the index return; otherwise, 1% loss for every 1% of index decline
|
| Initial level: | 4,348.33
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| Barrier level: | 3,000.3477; 69% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | TD Securities (USA) LLC
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| Fees: | 1%
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| Cusip: | 89114YZU8
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