Chicago, March 18 – Toronto-Dominion Bank priced $1.26 million of callable contingent interest barrier notes due March 6, 2029 linked to the common stocks of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly interest payment at the rate of 13.4% per year if the stock closes at or above the coupon barrier price, 60% of the initial share price, on the observation date for that period.
The notes may be called at par plus any coupon due on any quarterly observation date after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon unless the stock finishes below the barrier price, 60% of the initial share price, in which case investors will be exposed to the decline of the stock.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable contingent interest barrier notes
|
| Underlying stock: | Ford Motor Co.
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| Amount: | $1,262,000
|
| Maturity: | March 6, 2029
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| Coupon: | 13.4% annual rate, payable quarterly if the stock closes at or above barrier price on the relevant observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless underlying stock finishes below barrier price, in which case investor will be exposed to the decline of the stock
|
| Call option: | At par plus any coupon due on any quarterly observation date after six months
|
| Initial share price: | $12.45
|
| Coupon barrier level: | $7.47, 60% of initial level
|
| Barrier level: | $7.47, 60% of initial level
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| Pricing date: | March 1
|
| Settlement date: | March 6
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 2%
|
| Cusip: | 89115FSB8
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