Chicago, Jan. 27 – Toronto-Dominion Bank priced $225,000 of 8% autocallable fixed-interest barrier notes due July 27, 2022 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par plus the coupon if the shares of the stock close at or above the initial share price on any quarterly call observation date after six months
The payout at maturity will be par plus the coupon unless the stock finishes below the barrier price, 70% of the initial share price, in which case investors will be fully exposed to the stock’s decline, payable in stock.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Autocallable fixed interest barrier notes
|
| Underlying stock: | FedEx Corp.
|
| Amount: | $225,000
|
| Maturity: | July 27, 2022
|
| Coupon: | 8% annual rate, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless stock finishes below barrier price, in which case full exposure to the stock’s decline payable in shares
|
| Call: | Automatically at par plus coupon if shares of the stock close at or above initial share price on any quarterly call observation date after six months
|
| Initial share price: | $254.08
|
| Barrier price: | $177.856, 70% of initial value
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.5%
|
| Cusip: | 891160SW4
|
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