New Issue: TD Bank prices $3.38 million digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 5 – Toronto-Dominion Bank priced $3.38 million of 0% digital index-linked notes due Feb. 3, 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 10%, the payout at maturity will be $1,087.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,375,000
Maturity:	Feb. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, par plus 8.75%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	4,359.46
Buffer level:	3,923.514; 90% of initial level
Pricing date:	Sept. 29
Settlement date:	Oct. 6
Agent:	TD Securities (USA) LLC
Fees:	1.01%
Cusip:	89114TS94

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