New Issue: TD Bank prices $570,000 contingent barrier digital notes on Kroger

By Sarah Lizee

Olympia, Wash., Aug. 22 – Toronto-Dominion Bank priced $570,000 of 0% contingent barrier digital notes due Sept. 2, 2020 linked to the common stock of Kroger Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final stock level is greater than the barrier level, 75% of the initial stock level, the payout at maturity will be par plus 15.3%.

If the final stock level is less than the barrier value, investors will lose 1% for every 1% that the stock declines from its initial level.

TD Securities (USA) LLC, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying stock:	Kroger Co.
Amount:	$570,000
Maturity:	Sept. 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final stock level is greater than the barrier level, par plus 15.3%; otherwise, 1% loss for every 1% that the stock declines from its initial level
Initial level:	$22.66
Barrier value:	$16.995, 75% of initial level
Pricing date:	Aug. 16
Settlement date:	Aug. 21
Agents:	TD Securities (USA) LLC, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	89114Q5M6

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