By William Gullotti
Buffalo, N.Y., Sept. 6 – Toronto-Dominion Bank priced $1.08 million of 0% market-linked autocallable securities with fixed percentage buffered downside due Sept. 8, 2026 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a fixed call premium of 16% per year if the ETF closes at or above the initial ETF level on any annual call observation date.
The payout at maturity will be par unless the ETF falls by more than 10%, in which case investors will be exposed to losses beyond 10%.
TD Securities (USA) LLC. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Market-linked autocallable securities with fixed-percentage buffered downside
|
| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $1,018,000
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| Maturity: | Sept. 8, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF falls by more than 10%, in which case exposure to losses beyond 10%
|
| Call: | Automatically at par plus 16% per year fixed call premium if the ETF closes at or above the initial ETF level on any annual call observation date
|
| Initial level: | $29.52
|
| Threshold level: | $26.568; 90% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agents: | TD Securities (USA) LLC. and Wells Fargo Securities, LLC
|
| Fees: | 2.575%
|
| Cusip: | 89115F5F4
|
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