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TD (TD) launches autocallable notes linked to Walmart with 10%-11% contingent coupon
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes linked to Walmart Inc. common stock, featuring a contingent interest rate of 10.00% to 11.00% per annum. These notes can be automatically called quarterly if Walmart’s stock price meets a 100% call threshold, offering a principal amount plus contingent interest. If not called and Walmart’s stock falls below an 80% barrier at maturity, investors will receive physical delivery of Walmart shares, which could result in a significant loss of principal.