TD to price autocallable contingent barrier notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., July 25 – Toronto-Dominion Bank plans to price 0% autocallable contingent barrier notes due Aug. 1, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If on any annual review date the index closes at or above 129.6% of its initial level, the notes will be called automatically and investors will receive par plus the return of the index.

If the notes are not called and the final index level is greater than its initial level, the payout will be par plus the return of the index.

If the index falls by up to its barrier value, 55% of the initial level, investors will receive par.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

The notes will price on July 26.

The Cusip number is 89114Q3Z9.

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