TD Bank plans contingent interest barrier autocallables on gold fund

By Marisa Wong

Morgantown, W.Va., Jan. 10 – Toronto-Dominion Bank plans to price autocallable contingent interest barrier notes due Jan. 30, 2020 linked to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.6% if the fund closes at or above the coupon barrier, 60% of the initial level, on a quarterly valuation date.

The notes will be called at par plus the contingent coupon if the fund close at or above the initial share price on any valuation date other than the final date.

The payout at maturity will be par plus the contingent coupon unless the fund finishes below the 60% barrier level, in which case investors will be fully exposed to any losses.

TD Securities (USA) LLC is the underwriter.

The notes will price on Jan. 26.

The Cusip number is 89114QZD3.

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