By Sarah Lizee
Olympia, Wash., June 29 – Toronto-Dominion Bank priced $3.05 million of 0% autocallable buffered notes with downside leverage due June 24, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 8% if the index closes at or above 88% of its initial index level on any quarterly call date after one year.
If the notes are not called and the index return is at least equal to 80% of the initial level, the payout at maturity will be par. Investors will lose 1.25% for each 1% loss beyond the buffer.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Autocallable buffered notes with downside leverage
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| Underlying index: | Russell 2000
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| Amount: | $3.05 million
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| Maturity: | June 24, 2025
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the notes are not called and the index return is at least equal to 80% of the initial level, par; investors will lose 1.25% for each 1% loss beyond the buffer
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| Call: | Par plus annualized call premium of 8% if the index closes at or above 88% of initial index level on any quarterly observation date after one year
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| Initial level: | 1,418.634
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| Buffer level: | 80% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Agent: | TD Securities (USA) LLC
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| Fees: | None
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| Cusip: | 89114RN36
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