New Issue: TD sells $5.77 million digital index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Dec. 7 – Toronto-Dominion Bank priced $5.77 million of 0% digital index-linked notes due July 22, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If index closes at or above its 87.5% threshold, par plus $1,112 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that the index declines beyond 12.5%

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$5.77 million
Maturity:	July 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index closes at or above its 87.5% threshold, par plus $1,112 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that the index declines beyond 12.5%
Initial index level:	3,577.59
Threshold level:	3,130.39125, 87.5% of initial level
Pricing date:	Nov. 23
Settlement date:	Nov. 30
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114RY83

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