Toronto-Dominion Bank (TD) sells $5M callable income notes linked to three major U.S. equity indices
The Toronto-Dominion Bank is offering $5 million in senior unsecured "Callable Contingent Income Securities with Daily Coupon Observation" due January 12, 2029. These notes are linked to the performance of the Nasdaq-100, Russell 2000, and S&P 500 indices and offer a potential quarterly contingent coupon of $23 (9.20% per annum) if all three indices remain at or above 60% of their initial levels on every trading day within the quarter. Investors face risks including potential loss of principal, non-receipt of coupons, and exposure to the worst-performing index, with the estimated value of the securities on the pricing date being less than the public offering price.





















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