New Issue: TD Bank prices $2 million capped buffered notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., May 11 – Toronto-Dominion Bank priced $2 million of 0% capped buffered notes due May 14, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus the index return, capped at par plus 39.26%.

Investors will receive par if the index finishes flat or falls by up to 30% and will lose 1% for every 1% decline beyond 30%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered notes
Underlying index:	S&P 500 index
Amount:	$2 million
Maturity:	May 14, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 39.26%; par if the index declines up to 30%; otherwise, 1% loss for every 1% decline of the index beyond 30%
Initial value:	3,991.24
Buffer level:	2,793.868; 70% of initial level
Pricing date:	May 9
Settlement date:	May 12
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114Y2Y6

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