New Issue: TD Bank prices $7.46 million digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Sept. 30 – Toronto-Dominion Bank priced $7.46 million of 0% digital index-linked notes due Dec. 20, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,132.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$7,461,000
Maturity:	Dec. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 13.25%; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	4,354.19
Buffer level:	85% of initial level
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114TRW4

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