New Issue: TD Bank prices $36.74 million digital index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Toronto-Dominion Bank priced $36.74 million of 0% digital index-linked notes due Aug. 7, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to 90% of initial level, the payout at maturity will be $1,127 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$36,735,000
Maturity:	Aug. 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, $1,127 per $1,000 principal amount of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	4,906.19
Buffer level:	4,415.571; 90% of initial level
Pricing date:	Feb. 1
Settlement date:	Feb. 8
Agent:	TD Securities (USA) LLC
Fees:	1.11%
Cusip:	89115FQV6

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