New Issue: TD Bank sells $980,000 callable fixed interest barrier notes on three indexes

Chicago, Jan. 31 – Toronto-Dominion Bank sold $980,000 of 7.65% callable fixed interest barrier notes due Jan. 14, 2027 linked to the least performing 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 one year.

The payout at maturity will be par if all three indexes close above the 60% barrier value.

Otherwise, investors will be fully exposed to the losses of the worst performer.

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:	$980,000
Maturity:	Jan. 14, 2027
Coupon:	7.65% annual rate, payable monthly
Price:	Par
Payout at maturity:	Par if all three indexes close above barrier levels; otherwise, full exposure to losses of worst performer
Call option:	At par plus coupon on any monthly call observation date after one year
Initial levels:	16,793.04 for Nasdaq, 1,970.261 for Russell, 4,783.45 for S&P
Barrier levels:	10,075.824 for Nasdaq, 1,182.1566 for Russell, 2,870.07 for S&P; 60% of initial levels
Pricing date:	Jan. 10
Settlement date:	Jan. 16
Agent:	TD Securities (USA) LLC
Fees:	0.75%
Cusip:	89115FP47

© 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.