New Issue: TD Bank sells $11.08 million digital notes linked to Euro Stoxx Banks

By Wendy Van Sickle

Columbus, Ohio, March 3 – Toronto-Dominion Bank priced $11.08 million of 0% digital notes due March 30, 2022 linked to the Euro Stoxx Banks 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 $1,154.50 per $1,000 of notes.

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

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	Euro Stoxx Banks index
Amount:	$11,075,000
Maturity:	March 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	$1,154.50 per $1,000 of notes unless index falls by more than 10%, in which case 1.1111% loss for every 1% decline beyond 10%
Initial level:	83.88
Threshold level:	75.492, 90% of initial level
Pricing date:	Feb. 26
Settlement date:	March 5
Agent:	TD Securities (USA) LLC
Fees:	0.93%
Cusip:	89114TBJ0

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