Chicago, Feb. 7 – Toronto-Dominion Bank priced $6.52 million of 0% autocallable barrier notes due April 17, 2026 linked to the least performing of the Energy Select Sector SPDR fund and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual premium of 16.9% if both funds finish above their initial levels on any quarterly call observation date after one year.
If the notes are not called, the payout at maturity will be par unless any fund finishes below the 70% 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 barrier notes
|
| Underlying funds: | Energy Select Sector SPDR fund and Financial Select Sector SPDR fund
|
| Amount: | $6,516,000
|
| Maturity: | April 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par 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 plus annual 16.9% premium if both funds finish above initial levels on any quarterly call observation date after one year
|
| Initial levels: | $47.86 for Energy, $34.97 for Financial
|
| Barrier levels: | $33.502 for Energy, $24.479 for Financial; 70% of initial levels
|
| Pricing date: | April 14
|
| Settlement date: | April 19
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.6%
|
| Cusip: | 89114TG97
|
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