New Issue: TD prices $3.57 million autocallable contingent interest barrier notes on four ETFs

By Wendy Van Sickle

Columbus, Ohio, June 22 – Toronto-Dominion Bank priced $3.57 million of autocallable contingent interest barrier notes due June 19, 2023 linked to the least performing of the SPDR Dow Jones industrial average ETF, the iShares Russell 2000 ETF, the Invesco QQQ Trust, series 1 and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each fund closes at or above the 80% contingent interest barrier level on the observation date for that period.

The notes will be automatically called at par if each fund closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par plus any coupon due unless any fund finishes below the 80% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing fund from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable contingent interest barrier notes
Underlying funds:	SPDR Dow Jones industrial average ETF, iShares Russell 2000 ETF, Invesco QQQ Trust, series 1 and SPDR S&P 500 ETF Trust
Amount:	$3.57 million
Maturity:	June 19, 2023
Coupon:	10% annual rate, payable quarterly if each fund closes at or above contingent interest barrier level on observation date for that period
Price:	Par
Payout at maturity:	Par plus any coupon due unless any fund finishes below barrier level, in which case 1% loss for each 1% decline of lesser-performing fund from initial level
Call:	Automatically at par if each fund closes at or above initial level on any quarterly observation date
Initial levels:	$345.12 for Dow, $231.70 for Russell, $341.24 for Invesco and $424.31 for S&P
Coupon barrier levels:	$276.096 for Dow, $185.36 for Russell, $272.992 for Invesco and $339.448 for S&P; 80% of initial levels
Barrier levels:	$276.096 for Dow, $185.36 for Russell, $272.992 for Invesco and $339.448 for S&P; 80% of initial levels
Pricing date:	June 14
Settlement date:	June 17
Agent:	TD Securities (USA) LLC
Fees:	1.1535%
Cusip:	89114TLA8

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