New Issue: TD Bank prices $25,000 capped leveraged buffered notes on S&P 500

By Kiku Steinfeld

Chicago, May 5 – Toronto-Dominion Bank priced $25,000 of 0% capped leveraged buffered notes due Oct. 5, 2023 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,132.40 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$25,000
Maturity:	Oct. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, subject to maximum settlement amount of $1,132.40 per $1,000 of notes; par if index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:	4,307.54
Buffer level:	3,876.786; 90% of initial level
Pricing date:	Sept. 30, 2021
Settlement date:	Oct. 5, 2021
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114TQP0

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