Toronto-Dominion Bank is offering $667,000 of callable contingent interest barrier notes tied to the least-performing of three Equity indexes, with an approximately 8.00% annual contingent rate. Investors receive that payment only when the stated conditions are met, while the notes may have limited Liquidity and could trade below their public offering price.

Key Highlights

  • The notes mature on September 26, 2029 and are subject to an issuer call.
  • Contingent interest is set at an approximately 8.00% per annum rate.
  • TD will receive $650,325 after a $16,675 Underwriting discount on the offering.

TORONTO DOMINION BANK (NYSE: TD) is a Major Banks company. The notes are due September 26, 2029.

$667,000 Note Offering Terms

The securities are senior Debt securities in Series H. Their public price is $1,000 per note, while TD Securities (USA) LLC will receive a $25.00 commission per note. The total underwriting discount is $16,675, leaving proceeds to TD of $650,325. Certain fee-based advisory accounts may buy the notes for as little as $975.00 per note, equal to 97.50%. TD may also pay unaffiliated dealers a $3.00-per-note structuring or Marketing fee. TD Securities (USA) LLC is acting as agent and has a conflict of interest under FINRA Rule 5121 because it is an affiliate of TD.

Contingent Payments and Trading Risks

The stated contingent Interest Rate is approximately 8.00% annually, and the payment calculation uses whichever of the three reference Assets performs worst. The notes will not be listed on a securities exchange or electronic communications network. TD or an affiliate may make a market but is not required to do so, and secondary-market Transaction Costs may be high.