By Wendy Van Sickle
Columbus, Ohio, Sept. 7 – Toronto-Dominion Bank priced $1.22 million of 0% leveraged barrier notes due March 2, 2022 linked to the worse performing of the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 222% of any gain in the worse performing ETF.
If the worse performing ETF falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing ETF below its initial level.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Leveraged barrier notes
|
| Underlying indexes: | iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $1,483,000
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| Maturity: | March 2, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 222% times any gain of lesser performing ETF; par if worse performing ETF falls by up to 30%; otherwise, full exposure to loss of lesser performing ETF
|
| Initial levels: | $67.34 for EAEF, $43.17 for Emerging Markets
|
| Barrier levels: | $47.14 for EAEF, $30.22 for Emerging Markets, 70% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.5%
|
| Cusip: | 89114QQR2
|
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