TD Bank to price autocallable fixed-interest barrier notes on stocks

By Sarah Lizee

Olympia, Wash., Feb. 3 – Toronto-Dominion Bank plans to price 8% autocallable fixed-interest barrier notes due Feb. 8, 2022 tied to common stocks of Mastercard Inc., PayPal Holdings, Inc., Square, Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any monthly call observation date, starting Aug. 4.

The payout at maturity will be par unless any stock finishes below its barrier level, 60% of its initial level, in which case investors will be fully exposed to the laggard stock’s decline.

TD Securities (USA) LLC is the underwriter.

The notes will price on Feb. 4.

The Cusip number is 891160SE4.

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