By Wendy Van Sickle
Columbus, Ohio, July 30 – Toronto-Dominion Bank priced $2.16 million of 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.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Autocallable contingent barrier notes
|
| Underlying index: | S&P 500
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| Amount: | $2.16 million
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| Maturity: | Aug. 1, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus index return if index closes at or above 129.6% of initial level on any annual review date
|
| Payout at maturity: | Par plus index return if index finishes at or above initial level or below 55% of initial level; par if index falls by up to 45%
|
| Initial level: | 3,025.86
|
| Barrier value: | 1,664.223, 55% of initial level
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| Call level: | 3,921.51456, 129.6% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 3%
|
| Cusip: | 89114Q3Z9
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