By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – Toronto-Dominion Bank priced $23.49 million of 0% autocallable buffered notes due Jan. 4, 2024 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 a call premium of 8.72% if the index closes at or above its initial level on Jan. 9, 2023.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 17.44%.
If the index falls by up to 10%, the payout will be par.
Investors will lose 1.1111% for each 1% index decline beyond 10%.
TD Securities (USA) LLC and Simon Markets LLC are the agents.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $23,485,000
|
| Maturity: | Jan. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level, par plus 17.44%; if index falls by up to 10%, par; otherwise, 1.1111% loss for each 1% index decline beyond 10%
|
| Call: | Par plus a 8.72% call premium if index closes at or above its initial level on Jan. 9, 2023
|
| Initial level: | 2,245.313
|
| Buffer level: | 2,020.7817; 90% of initial level
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 7
|
| Agents: | TD Securities (USA) LLC and Simon Markets LLC
|
| Fees: | 2%
|
| Cusip: | 89114TXW7
|
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