New Issue: TD Bank prices $1.95 million contingent interest buffered autocallables linked to stocks

By Taylor Fox

New York, Nov. 16 – Toronto-Dominion Bank priced $1.95 million of autocallable contingent interest buffered notes due Oct 26, 2023 linked to the least performing of the common stocks of Amazon.com, Inc., MetLife, Inc., Raytheon Technologies Corp. and Stanley Black & Decker, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at an annual rate of 11.2268% if each stock closes at or above its interest barrier value, 70% of its initial level, on the valuation date for that period.

The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date after six months.

The payout at maturity will be par unless any stock finishes below its buffer value, 70% of its initial level, in which case investors will be fully exposed to the decline of the least-performing stock beyond the buffer.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable contingent interest buffered notes
Underlying stocks:	Amazon.com, Inc., MetLife, Inc., Raytheon Technologies Corp. and Stanley Black & Decker, Inc.
Amount:	$1,949,000
Maturity:	Oct. 26, 2023
Coupon:	11.2268% per year, payable monthly if all stocks close at or above interest barrier values on valuation date for that month
Price:	Par
Payout at maturity:	Par unless any stock finishes below buffer value, in which case full exposure to least-performing stock’s decline beyond the buffer
Call:	Automatically at par if each stock closes at or above initial level on any quarterly valuation date after six months
Initial stock levels:	$3,176.40 for Amazon, $40.61 for MetLife, $62.80 for Raytheon and $178.01 for Stanley
Interest barriers:	$2,223.48 for Amazon, $28.427 for MetLife, $43.96 for Raytheon and $124.607 for Stanley; 70% of initial levels
Buffers:	$2,223.48 for Amazon, $28.427 for MetLife, $43.96 for Raytheon and $124.607 for Stanley; 70% of initial levels
Pricing date:	Oct. 22
Settlement date:	Oct. 27
Agent:	TD Securities (USA) LLC
Fees:	3%
Cusip:	89114RV37

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