New Issue: TD Bank prices $70,000 capped buffered return enhanced notes on Qualcomm

By Taylor Fox

New York, Feb. 23 – Toronto-Dominion Bank sold $70,000 of 0% capped buffered return enhanced notes due March 9, 2022 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any stock gain, up to a maximum payout of par plus 25.2%.

Investors will receive par if the stock falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

TD Securities (USA) LLC is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered return enhanced notes
Underlying stock:	Qualcomm Inc.
Amount:	$70,000
Maturity:	March 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus two times any stock gain, capped at par plus 25.2%; par if stock falls by up to 15%; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial stock price:	$144.94
Buffer price:	$123.199, 85% of initial price
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Underwriter:	TD Securities (USA) LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1%
Cusip:	89114TBE1

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