New Issue: TD sells $2.35 million 11.52% callable fixed-interest barrier notes on Zoom

By William Gullotti

Buffalo, N.Y., Feb. 28 – Toronto-Dominion Bank priced $2.35 million of 11.52% callable fixed-interest barrier notes due April 29, 2022 linked to the common stock of Zoom Video Communications, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes may be called at par plus any contingent coupon due on any quarterly interest payment date after six months.

The payout at maturity will be par unless the stock finishes below the barrier price, 70% of the initial share price, in which case investors will receive 2.9725 shares per note.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Callable fixed-interest barrier notes
Underlying stocks:	Zoom Video Communications, Inc.
Amount:	$2,350,000
Maturity:	April 29, 2022
Coupon:	11.52% annual rate, payable quarterly
Price:	Par
Payout at maturity:	Par unless underlying stock finishes below barrier price, in which case investors will receive 2.9725 shares per note
Call option:	Par plus any coupon due on any quarterly interest payment date after six months
Initial price:	$336.42
Barrier price:	$235.494; 70% of initial share price
Pricing date:	April 26, 2021
Settlement date:	April 29, 2021
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89117FF61

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