New Issue: TD Bank prices $875,000 digital participation barrier notes on indexes

By Sarah Lizee

Olympia, Wash., May 16 – Toronto-Dominion Bank priced $875,000 of 0% digital participation barrier notes due May 17, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of each index is zero or positive, the payout at maturity will be par plus the greater of 40% and the return of the least performing index.

If any index falls by up to 30%, the payout will be par.

Otherwise, the payout will be par plus the return of the least performing index with full exposure to the decline.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital participation barrier notes
Underlying indexes:	S&P 500, Russell 2000, S&P 500, Dow Jones industrial average
Amount:	$875,000
Maturity:	May 17, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the greater of 40% and the return of the least performing index; if any index falls by up to 30%, par; otherwise, par plus the return of the least performing index with full exposure to the decline
Initial levels:	25,324.99 Dow, 1,523.001 Russell, 2,811.87 for S&P
Barrier levels:	17,727.4930 for Dow, 1,066.1007 for Russell, 1,968.3090 for S&P; 70% of initial levels
Pricing date:	May 14
Settlement date:	May 17
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89114QS74

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