New Issue: TD Bank sells $284,000 capped leveraged buffered notes on S&P 500

By Marisa Wong

Los Angeles, March 24 – Toronto-Dominion Bank priced $284,000 of 0% capped leveraged buffered notes due Feb. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payout of $1,120 per $1,000 principal amount. Investors will receive par if the index declines by 10% or less and will lose 1% for each 1% index decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged buffered notes
Underlying index:	S&P 500
Amount:	$284,000
Maturity:	Feb. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 12%; par if index declines by 10% or less; 1% loss for each 1% index decline beyond 10%
Initial index level:	3,876.50
Buffer level:	3,488.85, 90% of the initial level
Pricing date:	Feb. 22
Settlement date:	Feb. 26
Agent:	TD Securities (USA) LLC
Fees:	2.5%
Cusip:	89114T7M8

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