New Issue: TD sells $360,000 autocallable fixed interest buffered notes on stocks

By Taylor Fox

New York, Dec. 30 – Toronto-Dominion Bank priced $360,000 of 9.29% autocallable fixed interest buffered notes due Nov. 30, 2022 linked to the shares of Chevron Corp., Morgan Stanley and Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par plus the contingent coupon if the shares of each stock close at or above the initial share price on any quarterly call observation date.

The payout at maturity will be par unless any stock finishes below its buffer value, 75% of its initial level, in which case investors will be lose 1.3333% for each 1% decline beyond the 25% buffer.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable fixed interest buffered notes
Underlying stocks:	Chevron Corp., Morgan Stanley and Target Corp.
Amount:	$360,000
Maturity:	Nov. 30, 2022
Coupon:	9.29%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any stock finishes below buffer value, in which case 1.3333% for each 1% decline beyond the 25% buffer
Call:	Automatically at par plus contingent coupon if shares of each stock close at or above initial share price on any quarterly call observation date
Initial share prices:	$91.03 for Chevron, $60.27 for Morgan Stanley and $177.56 for Target
Buffered prices:	$68.2725 for Chevron, $45.2025 for Morgan Stanley and $133.17 for Target, 75% of initial share prices
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RYV2

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