New Issue: TD Bank sells $10.82 million leveraged capped buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 18 – Toronto-Dominion Bank priced $10.82 million of 0% leveraged capped buffered notes due Oct. 6, 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 150% of the index return, subject to a maximum payout of par plus 24.675%.

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. Goldman Sachs & Co. LLC is acting as a dealer.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500 index
Amount:	$10,815,000
Maturity:	Oct. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 24.675%; par if index falls by up to 5%; 1.0526% loss for every 1% index decline beyond 5%
Initial index level:	4,204.31
Buffer level:	3,994.0945, 95% of initial level
Pricing date:	March 11
Settlement date:	March 18
Agent:	TD Securities (USA) LLC
Selected dealer:	Goldman Sachs & Co. LLC
Fees:	1.12%
Cusip:	89114V6T9

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