New Issue: TD Bank sells $990,000 10.6% callable fixed interest barrier notes on three indexes

By William Gullotti

Buffalo, N.Y., March 8 – Toronto-Dominion Bank priced $990,000 of 10.6% callable fixed interest barrier notes due March 11, 2024 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes may be called at par plus the contingent coupon on any monthly call observation date after six months.

The payout at maturity will be par unless the worst performer finishes below its barrier level, 70% of the initial level, in which case investors will be fully exposed to the decline of that index from its initial level.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Callable fixed interest barrier notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$990,000
Maturity:	March 11, 2024
Coupon:	10.6%, payable monthly
Price:	Par
Payout at maturity:	Par unless worst performing index finishes below barrier, in which case full exposure to decline of that index from initial level
Call option:	At par plus coupon on any monthly call observation date after six months
Initial levels:	12,290.81 for Nasdaq, 1,928.263 for Russell, 4,045.64 for S&P
Barrier levels:	8,603.567 for Nasdaq, 1,349.7841 for Russell, 2,831.948 for S&P; 70% of initial levels
Strike date:	March 3
Pricing date:	March 6
Settlement date:	March 9
Agent:	TD Securities (USA) LLC
Fees:	0.2833%
Cusip:	89114YTB7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.