New Issue: TD Bank prices $624,000 contingent barrier notes linked to S&P 500

Chicago, Aug. 22 – Toronto-Dominion Bank priced $624,000 of 0% contingent barrier notes due Aug. 15, 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 the initial index level, the payout at maturity will be par plus the index return.

If the final index level is less than or equal to the initial index level but greater than or equal to the barrier value, 77% of the initial index level, the payout will be par.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier notes
Underlying index:	S&P 500 index
Amount:	$624,000
Maturity:	Aug. 15, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level but greater than or equal to barrier value, par; if final index level is less than barrier value, 1% loss for every 1% that index declines from initial level
Initial level:	4,280.15
Barrier value:	3,295.7155; 77% of initial level
Pricing date:	Aug. 12, 2022
Settlement date:	Aug. 17, 2022
Agent:	TD Securities (USA) LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	89114YB42

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.