Chicago, Feb. 9 – Toronto-Dominion Bank priced $758,000 of callable contingent interest barrier notes due April 24, 2023 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 pay a quarterly contingent coupon at an annual rate of 10.25% if each index closes at or above the 70% contingent interest barrier level on the corresponding observation date.
The notes will be callable at par on any quarterly observation date after six months.
The payout at maturity will be par unless any index finishes below the 70% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable contingent interest barrier notes
|
| Underlying funds: | Energy Select Sector SPDR Fund and Financial Select Sector SPDR Fund
|
| Amount: | $758,000
|
| Maturity: | April 24, 2023
|
| Coupon: | 10.25% annual rate, payable quarterly if each index closes at or above contingent interest barrier level on the corresponding observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below barrier level, in which case 1% loss for each 1% decline of least-performing index from initial level
|
| Call option: | At par on any quarterly observation date after six months
|
| Initial levels: | $48.35 for Energy, $35.30 for Financial
|
| Coupon barrier levels: | $33.845 for Energy, $24.71 for Financial; 70% of initial levels
|
| Barrier levels: | $33.845 for Energy, $24.71 for Financial; 70% of initial levels
|
| Pricing date: | April 19
|
| Settlement date: | April 22
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.75%
|
| Cusip: | 89117FE54
|
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