New Issue: TD Bank sells $802,000 contingent barrier digital notes on S&P

By Wendy Van Sickle

Columbus, Ohio., March 31 – Toronto-Dominion Bank priced $802,000 of 0% contingent barrier digital notes due April 13, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 80% of the initial index level, the payout at maturity will be par plus 10.4%.

If the final index level is less than the 80% barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500
Amount:	$802,000
Maturity:	April 13, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.4% unless index falls by more than 20%, in which case full exposure to index decline from initial level
Initial level:	2,630.07
Barrier value:	2,104.056, 80% of initial level
Final level:	Average of index closing levels for five trading days ending April 8, 2021
Strike date:	March 26
Pricing date:	March 27
Settlement date:	April 1
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RGV2

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