New Issue: TD Bank prices $110,000 contingent barrier digital notes on Target

By Taylor Fox

New York, Aug. 24 – Toronto-Dominion Bank priced $110,000 of 0% contingent barrier digital notes due Sept. 9, 2021 linked to the common stock of Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the final stock level is greater than the barrier level, 80% of the initial stock level, the payout at maturity will be par plus 11%.

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 is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying stock:	Target Corp.
Amount:	$110,000
Maturity:	Sept. 9, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the final stock level is greater than the barrier level, par plus 11%; otherwise, 1% loss for every 1% that the stock declines from its initial level
Initial level:	$153.63
Barrier value:	$122.904, 80% of initial level
Pricing date:	Aug. 21
Settlement date:	Aug. 28
Agents:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RR73

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