New Issue: TD sells $1.2 million of 15% autocallable fixed-interest barrier notes on stocks

By Sarah Lizee

Olympia, Wash., April 17 – Toronto-Dominion Bank priced $1.2 million of 15% autocallable fixed interest barrier notes due April 13, 2022 linked to common stocks of ConocoPhillips, Chevron Corp. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any monthly call observation date, starting Oct. 9.

The payout at maturity will be par unless any stock finishes below its barrier level, 50% of its initial level, in which case investors will be fully exposed to the laggard stock’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable fixed interest barrier notes
Underlying stocks:	ConocoPhillips, Chevron Corp. and Valero Energy Corp.
Amount:	$1.2 million
Maturity:	April 13, 2022
Coupon:	15%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its barrier level, in which case investors will be fully exposed to the laggard stock’s decline
Call:	Automatically at par if each stock closes at or above its initial level on any monthly call observation date, starting Oct. 9
Initial levels:	$34.73 for ConocoPhillips, $84.31 for Chevron, $50.10 for Valero
Barrier levels:	$17.365 for ConocoPhillips, $42.155 for Chevron, $25.05 for Valero, 50% of initial levels
Pricing date:	April 9
Settlement date:	April 15
Agent:	TD Securities (USA) LLC
Fees:	2.6%
Cusip:	891160SJ3

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