New Issue: TD sells $1.53 million of 9.6% autocallable fixed-interest barrier notes on stocks

By Sarah Lizee

Olympia, Wash., April 21 – Toronto-Dominion Bank priced $1.53 million of 9.6% autocallable fixed interest barrier notes due April 19, 2023 linked to common stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, 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 Oct. 15.

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.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable fixed interest barrier notes
Underlying stocks:	Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc.
Amount:	$1,525,000
Maturity:	April 19, 2023
Coupon:	9.6%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below its barrier level, in which case investors will be fully exposed to the laggard stock’s decline
Call:	Automatically at par if each stock closes at or above its initial level on any monthly call observation date, starting Oct. 15
Initial levels:	$284.43 for Apple, $2,307.68 for Amazon, $1,262.47 for Alphabet, $426.75 for Netflix
Barrier levels:	$170.658 for Apple, $1,384.608 for Amazon, $757.482 for Alphabet, $256.05 for Netflix, 60% of initial levels
Pricing date:	April 15
Settlement date:	April 19
Agent:	TD Securities (USA) LLC
Fees:	3.25%
Cusip:	89114RHF6

© 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.