New Issue: TD Bank sells $615,000 11.6% callable fixed interest barrier notes on three indexes

By Kiku Steinfeld

Chicago, May 5 – Toronto-Dominion Bank $615,000 of 11.6% callable fixed interest barrier notes due Jan. 4, 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:	$615,000
Maturity:	Jan. 4, 2024
Coupon:	11.6%, 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:	10,951.05 for Nasdaq, 1,766.250 for Russell, 3,849.28 for S&P
Barrier levels:	7,665.735 for Nasdaq, 1,236.375 for Russell, 2,694.496 for S&P; 70% of initial levels
Pricing date:	Dec. 29, 2022
Settlement date:	Jan. 4, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89114YKK6

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