New Issue: TD Bank prices $2.15 million contingent barrier digital notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., March 21 – Toronto-Dominion Bank priced $2.15 million of 0% contingent barrier digital notes due April 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier value, 80% of the initial index level, the payout will be par plus 9.3%.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500 index
Amount:	$2.15 million
Maturity:	April 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier value, par plus 9.3%; if final index level is less than barrier value, 1% loss for every 1% that index declines from initial level
Initial level:	4,357.86
Barrier value:	3,486.288; 80% of initial level
Strike date:	March 16
Pricing date:	March 17
Settlement date:	March 22
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114VAK3

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