New Issue: TD sells $260,000 9.05% fixed-interest barrier notes on indexes

By Kiku Steinfeld

Chicago, May 16 – Toronto-Dominion Bank priced $260,000 of 9.05% fixed-interest barrier notes due July 18, 2024 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless any index finishes below the barrier price, 70% of the initial share price, in which case investors will be fully exposed to the laggard index’s decline.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Fixed interest barrier notes
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and the S&P 500 index
Amount:	$260,000
Maturity:	July 18, 2024
Coupon:	9.05%, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier price, in which case full exposure to laggard index’s decline
Initial levels:	1,887.034 for Russell, 11,541.48 for Nasdaq and 3,999.09 for S&P
Barrier levels:	1,320.9238 for Russell, 8,079.036 for Nasdaq and 2,799.363 for S&P, 70% of initial share prices
Pricing date:	Jan. 13, 2023
Settlement date:	Jan. 19, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89114YLV1

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