New Issue: TD Bank sells $160,000 digital notes linked to S&P 500

Chicago, April 1 – Toronto-Dominion Bank priced $160,000 of 0% digital notes due April 8, 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 90% of the initial index level, the payout at maturity will be par plus 15.35%.

If the index finishes below the 90% buffer level, investors will lose 1.1111% for every 1% index decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$160,000
Maturity:	April 8, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 15.35% unless index falls by more than 10%, in which case 1.1111% loss for every 1% decline beyond 10%
Initial level:	2,304.92
Buffer level:	2,074.428, 90% of initial level
Final level:	Average of index closing levels for five trading days ending April 5, 2021
Strike date:	March 20
Pricing date:	March 23
Settlement date:	March 26
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RG83

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