The Toronto-Dominion Bank (TD) has offered Autocallable Contingent Interest Barrier Notes linked to the least performing of Amazon.com, Inc., The Walt Disney Company, and The Goldman Sachs Group, Inc. (the “Reference Assets” or “Reference Assets”).
The Notes will pay a Contingent Interest Payment at a rate of approximately 13.25% per annum if, on the related Contingent Interest Observation Date, the Closing Value of each Reference Asset is greater than or equal to its Contingent Interest Barrier Value (equal to 50% of its Initial Value). If any Reference Asset’s value falls below its Barrier Value on a Contingent Interest Observation Date, no Contingent Interest Payment will be paid. The Notes will be automatically called if, on any Call Observation Date, the Closing Value of each Reference Asset is greater than or equal to its Call Threshold Value (equal to 100% of its Initial Value). Upon automatic call, TD will pay a cash payment per Note equal to the Principal Amount ($1,000) plus any Contingent Interest Payment otherwise due. If the Notes are not automatically called, the payment at maturity will be $1,000 plus the product of the Principal Amount and the Least Performing Percentage Change (the percentage decline of the least performing Reference Asset from its Initial Value to its Final Value). Investors may lose up to their entire investment if the Final Value of any Reference Asset is less than its Barrier Value.
The Notes are unsecured and not insured or guaranteed by any governmental agency. They will not be listed on any securities exchange. Investing in the Notes involves risks not associated with conventional debt securities, including market risk, credit risk, and potential tax uncertainties. The estimated value of the Notes is less than the public offering price and is based on TD’s internal funding rate and pricing models, which may not accurately predict future market values. There may be limited liquidity in the secondary market, and selling the Notes before maturity could result in significant losses.
