New Issue: TD Bank sells $11.13 million digital notes on S&P Banks Select Industry

By Cady Vishniac

Detroit, Dec. 10 – Toronto-Dominion Bank priced $11.13 million of 0% digital notes due Jan. 6, 2022 linked to the S&P Banks Select Industry 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 $1,115.00 for each $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P Banks Select Industry
Amount:	$11,125,000
Maturity:	Jan. 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than or equal to the 90% threshold level, par plus 11.5%; otherwise, 1.1111% loss for every 1% decline beyond 10%
Initial level:	899.21
Threshold level:	809.289, which is 90% of initial level
Pricing date:	Dec. 4
Settlement date:	Dec. 11
Agent:	TD Securities (USA) LLC
Fees:	0.93%
Cusip:	89114RZ41

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