New Issue: TD sells $1.25 million of 12.4% fixed-interest barrier notes on stocks

By Kiku Steinfeld

Chicago, June 22 – Toronto-Dominion Bank priced $1.25 million of 12.4% fixed-interest barrier notes due June 17, 2021 linked to common stocks Wells Fargo & Co. and Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless any stock finishes below its barrier level, 60% 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:	Fixed-interest barrier notes
Underlying stocks:	Wells Fargo & Co. and Citigroup Inc.
Amount:	$1,250,000
Maturity:	June 17, 2021
Coupon:	12.4%, payable quarterly
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
Initial levels:	$27.97 for Wells Fargo, $52.25 for Citi
Barrier levels:	$16.782 for Wells Fargo, $31.35 for Citi, 60% of initial levels
Pricing date:	June 15
Settlement date:	June 18
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RMT0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.