New Issue: TD Bank prices $6.8 million of autocallable Stars linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Jan. 30 – Toronto-Dominion Bank priced $6.8 million of 0% autocallable Strategic Accelerated Redemption Securities due Jan. 25, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 9.2% per year if the closing level of the index is greater than or equal to its starting value on any annual observation date.

If the notes are not called at maturity and the index declines by no more than 15%, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% that the index declines beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable Strategic Accelerated Redemption Securities
Underlying index:	Euro Stoxx 50 index
Amount:	$6,804,350
Maturity:	Jan. 25, 2029
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above threshold value, par; otherwise, 1% loss for every 1% decline beyond 15%
Call:	At par plus premium of 9.2% per year if index closes at or above its initial value on any annual observation date
Initial value:	4,582.26
Threshold value:	3,894.92; 85% of initial value
Pricing date:	Jan. 25
Settlement date:	Feb. 1
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	89116B851

© 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.