The Toronto-Dominion Bank (TD) is offering Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100 Index®, the Russell 2000®Index, and the S&P 500®Index. The Notes have a principal amount of $1,000 and will pay a contingent interest rate of 8.50% annually, subject to certain barriers. The Notes are callable by TD prior to maturity, and the payment at maturity will depend on the performance of the reference assets.
Investors face several risks associated with these Notes. The primary risk is the potential for loss of principal, especially if the value of the least performing reference asset falls below its barrier value. Investors will not receive any interest payments if the closing value of any reference asset falls below its contingent interest barrier value on a contingent interest observation date. Additionally, the Notes are subject to interest rate risk, market disruption events, and credit risk.
The estimated value of the Notes at the pricing date is expected to be between $920.00 and $955.00 per Note, and the public offering price is expected to be lower. The Notes will not be listed on any securities exchange, and there may be limited liquidity in the secondary market. Investors should carefully consider these risks and consult with their financial advisors before investing in the Notes.
