New Issue: TD Bank prices $3.82 million of digital notes linked to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., July 13 – Toronto-Dominion Bank priced $3.82 million of 0% digital notes due Sept. 15, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be the threshold settlement amount of $1,195 for each $1,000 principal amount of notes.

If the index falls by more than 15%, investors will lose 1.1765% for every 1% decline beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$3.82 million
Maturity:	Sept. 15, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% of initial level, threshold settlement amount of $1,195 for each $1,000 of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	3,422.35
Threshold level:	2,908.9975, 85% of initial level
Pricing date:	July 11
Settlement date:	July 18
Underwriter:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114QPH5

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