New Issue: TD Bank prices $16.59 million buffered digital notes on 25 Euro Stoxx Banks stocks

By Angela McDaniels

Tacoma, Wash., March 20 – Toronto-Dominion Bank priced $16.59 million of 0% buffered digital notes due Oct. 19, 2018 linked to an unequally weighted basket of the ordinary shares of all 25 companies listed in the Euro Stoxx Banks index as of Feb. 6, according to a 424B2 filing with the Securities and Exchange Commission.

The weightings of the companies in the basket are based on the weights of the companies in the index, reweighted so that no company represents more than 5% of the basket as of Feb. 6. The excess weights have been distributed to each of the other companies that represent less than 5% of the index according to their weight in the index, provided that no company can be greater than 5% of the basket.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 22.6%. If the basket declines by 10% or less, the payout will be par. Otherwise, investors will lose 1.1111% for every 1% that the basket declines beyond 10%.

TD Securities (USA) LLC is the underwriter with Goldman Sachs & Co. as agent.

Issuer:	Toronto-Dominion Bank
Issue:	Buffered digital notes
Underlying basket:	ABN Amro Group NV (4.12986% weight), Credit Agricole SA (5% weight), Banco BPM SpA (2.52861% weight), Banco Bilbao Vizcaya Argentaria, SA (5% weight), Bankia SA (2.49211% weight), Bank of Ireland (4.53643% weight), Bankinter, SA (3.13832% weight), BNP Paribas SA (5% weight), BPER Banca SpA (1.64276% weight), CaixaBank SA (5% weight), Commerzbank AG (5% weight), Deutsche Bank AG (5% weight), Erste Group Bank AG (5% weight), Societe Generale SA (5% weight), ING Groep NV (5% weight), Intesa Sanpaolo SpA (5% weight), KBC Group NV (5% weight), Natixis SA (3.26697% weight), Mediobanca SpA (3.07885% weight), Banco Popular Espanol, SA (2.11439% weight), Raiffeisen Bank International AG (1.59242% weight), Banco de Sabadell SA (4.97832% weight), Banco Santander SA (5% weight), Unione di Banche Italiane SpA (1.79938% weight), UniCredit SpA (4.70159% weight)
Amount:	$16.59 million
Maturity:	Oct. 19, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than or equal to initial basket level, par plus 22.6%; if basket declines by 10% or less, par; otherwise, 1.1111% loss for every 1% that basket declines beyond 10%
Pricing date:	March 16
Settlement date:	March 23
Underwriter:	TD Securities (USA) LLC
Agent:	Goldman Sachs & Co.
Fees:	1.28%
Cusip:	89114QZN1

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