TD Bank to price autocallable buffered notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 11 – Toronto-Dominion Bank plans to price 0% autocallable buffered index-linked notes due in 36 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 7.659% to 8.981% if the index closes at or above its initial level on the first valuation date, expected to be 13 months after the pricing date, or at par plus 14.14% to 16.58% if the index closes at or above its initial level on the second valuation date, expected to be 24 months after the pricing date.

If the index return is positive, the payout at maturity will be par plus 21.21% to 24.87%.

Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

TD Securities (USA) LLC is the agent.

The Cusip number is 89114QGA0.

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