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Published on 3/18/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $37.25 million digital index-linked notes on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 18 – Toronto-Dominion Bank priced $37.25 million of 0% digital index-linked notes due March 13, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to the initial level, the payout at maturity will be the greater of par plus the return and $1,312 per $1,000 principal amount of notes. Otherwise, investors will be fully exposed to the loss.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Digital index-linked notes
Underlying index:Euro Stoxx 50 index
Amount:$37.25 million
Maturity:March 13, 2024
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above initial level, greater of par plus return and $1,312 per $1,000 principal amount of notes; otherwise, full exposure to loss
Initial level:3,686.78
Pricing date:March 11
Settlement date:March 18
Agent:TD Securities (USA) LLC
Fees:1.75%
Cusip:89114V7M3

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