New Issue: TD Bank prices $2.18 million autocallable contingent interest buffered notes on stocks

By Kiku Steinfeld

Chicago, April 19 – Toronto-Dominion Bank priced $2.18 million of autocallable contingent interest buffered notes due April 1, 2024 linked to the common stocks of Advanced Micro Devices, Inc., ConocoPhillips, General Electric Co. and Marathon Petroleum Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent interest payment at the rate of 12.2543% per year if each stock closes at or above the coupon barrier price, 70% of the initial share price, on the observation date for that period.

The notes will be called at par if each stock closes at or above its initial price on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the least performing stock finishes below the barrier price, 70% of the initial share price, in which case investors will be exposed to the laggard stock’s decline beyond the 30% buffer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable contingent interest buffered notes
Underlying stocks:	Advanced Micro Devices, Inc., ConocoPhillips, General Electric Co. and Marathon Petroleum Corp.
Amount:	$2,183,000
Maturity:	April 1, 2024
Coupon:	12.2543% annual rate, payable each month that all stocks close at or above barrier price on the relevant observation date
Price:	Par
Payout at maturity:	Par unless any stock finishes below buffer price, in which case exposure to laggard stock’s decline beyond buffer
Call:	Automatically at par if each stock closes at or above its initial price on any quarterly observation date after six months
Initial share prices:	$77.41 for Advanced, $55.04 for Conoco, $56.52 for GE, $55.02 for Marathon
Coupon barrier levels:	$54.187 for Advanced, $38.528 for Conoco, $39.564 for GE, $38.514 for Marathon; 70% of initial levels
Barrier levels:	$54.187 for Advanced, $38.528 for Conoco, $39.564 for GE, $38.514 for Marathon; 70% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Agent:	TD Securities (USA) LLC
Fees:	3.5%
Cusip:	89114TDG4

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