New Issue: TD Bank prices $2.5 million capped notes linked to S&P 500

Chicago, Sept. 21 – Toronto-Dominion Bank priced $2.5 million of 0% capped notes due April 14, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus the index return, capped at par plus 12.81%.

Investors will be fully exposed to any index decline, with a minimum payout of $850 per $1,000 note.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying index:	S&P 500 index
Amount:	$2.5 million
Maturity:	April 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 12.81%; otherwise, full exposure to decline with minimum payout of $850 per $1,000 note
Initial value:	3,946.01
Strike date:	Sept. 14
Pricing date:	Sept. 15
Settlement date:	Sept. 20
Agent:	TD Securities (USA) LLC
Fees:	0.583%
Cusip:	89114YCW9

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