New Issue: TD Bank sells $12.37 million leveraged capped buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 25 – Toronto-Dominion Bank priced $12.37 million of 0% leveraged capped buffered notes due Sept. 23, 2022 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 150% of the index return, capped at $1,195.75 per $1,000 of notes.

Investors will receive par if the index finishes flat or falls by up to 5% and will lose 1.0526% for every 1% index decline beyond 5%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500 index
Amount:	$12,366,000
Maturity:	Sept. 23, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 19.575%; par if index falls by up to 5%; 1.0526% loss for every 1% index decline beyond 5%
Initial index level:	3,940.59
Buffer level:	3,743.5605, 95% of initial level
Pricing date:	March 22
Settlement date:	March 29
Agent:	TD Securities (USA) LLC
Fees:	1.11%
Cusip:	89114TDV1

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