TD Bank plans 13% autocallable interest barrier notes linked to Marathon

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – Toronto-Dominion Bank plans to price 13% autocallable fixed interest barrier notes due May 1, 2018 linked to the common stock of Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if Marathon shares close at or above the initial share price on any quarterly valuation date other than the final valuation date.

If the notes are not called and the final share price is greater than or equal to the 60% barrier price, the payout at maturity will be par. Otherwise, investors will have one-to-one exposure to the stock’s decline.

TD Securities (USA) LLC is the underwriter.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 89114QYB8.

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