Chicago, Aug. 15 – Toronto-Dominion Bank priced $1.25 million of 0% knock-out participation notes due July 30, 2024 linked to the of the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be based on whether the stock has closed above 141.1% of its initial level at any point during the life of the notes.
If this has happened, investors will receive par plus 5% at maturity.
If the stock never goes above 141.1% of its initial level, the payout will be par plus the return of the stock if the final stock price is above its initial level.
Investors will receive par if the stock never closed above 141.1% of the initial level and the final price of the stock is below the initial level.
TD Securities (USA) LLC is underwriter and Goldman Sachs & Co. LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Knock-out participation notes
|
| Underlying stock: | Nvidia Corp.
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| Amount: | $1,250,000
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| Maturity: | July 30, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5% if stock closes above 141.1% barrier price at any point during life of notes; par plus return of stock if final stock price is above initial level but stock never went above 141.1% of initial level during life of notes; par if final stock price is negative and stock never went above 141.1% barrier price during life of notes
|
| Initial share price: | $454.52
|
| Barrier price: | 141.1% of initial level
|
| Pricing date: | July 26
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| Settlement date: | Aug. 2
|
| Agents: | TD Securities (USA) LLC and Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 89115F4S7
|
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