New Issue: TD Bank prices $794,000 capped notes linked to Dow, S&P

By Kiku Steinfeld

Chicago, Jan. 5 – Toronto-Dominion Bank priced $794,000 of 0% capped notes due July 30, 2024 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus the return of that index, subject to a maximum payout of $1,104 per each $1,000 face amount of notes.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$794,000
Maturity:	July 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus return of lowest-performing index up to $1,104 per each $1,000 face amount of notes; otherwise, 1% loss for every 1% decline of worst performer
Initial values:	33,530.83 for Dow, 4,071.63 for S&P
Pricing date:	April 25, 2023
Settlement date:	April 28, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89114YW49

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