New Issue: TD Bank prices $2.58 million contingent interest buffered autocallables linked to stocks

By Wendy Van Sickle

Columbus, Ohio, Dec. 9 – Toronto-Dominion Bank priced $2.58 million of autocallable contingent interest buffered notes due Nov. 30, 2023 linked to the least performing of the common stocks of Citigroup Inc., salesforce.com, inc., Qualcomm Inc. and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at an annual rate of 9.5976% if each stock closes at or above its interest barrier value, 70% of its initial level, on the valuation date for that period.

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

The payout at maturity will be par unless any stock finishes below its buffer value, 70% of its initial level, in which case investors will be fully exposed to the decline of the least-performing stock beyond the buffer.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable contingent interest buffered notes
Underlying stocks:	Citigroup Inc., salesforce.com, inc., Qualcomm Inc. and Target Corp.
Amount:	$2,584,000
Maturity:	Nov. 30, 2023
Coupon:	9.5976% per year, payable monthly if all stocks close at or above interest barrier values on valuation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below buffer value, in which case full exposure to least-performing stock’s decline beyond the buffer
Call:	Automatically at par if each stock closes at or above initial level on any quarterly valuation date after six months
Initial stock levels:	$57.06 for Citigroup, $246.82 for salesforce.com, $144.08 for Qualcomm and $179.82 for Target
Interest barriers:	$39.942 for Citigroup, $172.774 for salesforce.com, $100.856 for Qualcomm and $125.874 for Target; 70% of initial levels
Buffers:	$2,223.48 for Citigroup, $28.427 for salesforce.com, $43.96 for Qualcomm and $124.607 for Target; 70% of initial levels
Pricing date:	Nov. 25
Settlement date:	Nov. 30
Agent:	TD Securities (USA) LLC
Fees:	3.5%
Cusip:	89114RXX9

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