By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – Toronto-Dominion Bank priced $10,000 of autocallable contingent interest barrier notes due Aug. 5, 2020 linked to the lesser performing of the VanEck Vectors Gold Miners exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annual rate of 14% if each ETF closes at or above the 65% coupon barrier level on the observation date for that quarter.
The notes will be called at par plus the coupon if each ETF closes at or above its initial price on any quarterly observation date.
The payout at maturity will be par unless either ETF finishes below the 65% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing ETF.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Autocallable contingent interest barrier notes
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| Underlying ETFs: | VanEck Vectors Gold Miners and SPDR S&P Oil & Gas Exploration & Production
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| Amount: | $10,000
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| Maturity: | Aug. 5, 2020
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| Coupon: | 24%, payable quarterly if each ETF closes at or above coupon barrier level on observation date for that quarter
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| Price: | Par of $1,000
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| Payout at maturity: | Par unless either ETF finishes below barrier level, in which case 1% loss for each 1% decline of lesser-performing ETF
|
| Call: | At par plus coupon if each ETF closes at or above initial price on any quarterly observation date
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| Initial levels: | $22.69 for Gold Miners and $30.54 for Oil & Gas
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| Coupon/barrier levels: | $14.7485 for Gold Miners and $19.851 for Oil & Gas; 65% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | TD Securities (USA) LLC
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| Fees: | 0.5%
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| Cusip: | 89114QGW2
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