New Issue: TD Bank sells $2.03 million 6.85% callable fixed interest barrier notes on three indexes

Chicago, April 12 – Toronto-Dominion Bank priced $2.03 million of 6.85% callable fixed interest barrier notes due Jan. 22, 2027 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 three months.

The payout at maturity will be par unless the worst performer finishes below its barrier level, 50% 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:	$2,026,000
Maturity:	Jan. 22, 2027
Coupon:	6.85% annual rate, 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 three months
Initial levels:	17,314 for Nasdaq, 1,944.391 for Russell, 4,839.81 for S&P
Barrier levels:	8,657 for Nasdaq, 972.1955 for Russell, 2,419.905 for S&P; 50% of initial levels
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	TD Securities (USA) LLC
Fees:	0.7%
Cusip:	89115FQ20

© 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.