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Published on 9/25/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $566,000 autocallable barrier notes on Nasdaq, Russell, S&P

Chicago, Sept. 25 – Toronto-Dominion Bank priced $566,000 of 0% autocallable barrier notes due Sept. 19, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 14.62% annualized call premium if each index closes at or above its initial level on any semiannual observation date after one year.

If the notes are not called, the payout will be par unless any index finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Autocallable barrier notes
Underlying indexes:S&P 500 index, Nasdaq-100 index and Russell 2000 index
Amount:$566,000
Maturity:Sept. 19, 2025
Coupon:0%
Price:Par
Payout at maturity:Par unless any index finishes below barrier level if notes are not called, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:At par plus 14.62% annualized premium if each index closes at or above its initial level on any semiannual observation date after one year
Initial levels:3,873.33 for S&P, 11,861.38 for Nasdaq, 1,798.189 for Russell
Barrier levels:2,711.331 for S&P, 8,302.966 for Nasdaq, 1,258.7323 for Russell; 70% of initial levels
Pricing date:Sept. 16, 2022
Settlement date:Sept. 21, 2022
Agent:TD Securities (USA) LLC
Fees:2.65%
Cusip:89114YCR0

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