New Issue: TD Bank sells $4 million leveraged capped buffered index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 5 – Toronto-Dominion Bank priced $4 million of 0% leveraged capped buffered index-linked notes due Sept. 25, 2024 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 170% of the return, capped at par plus 34.663%.

Investors will receive par if the index finishes flat or falls by up to 17.5% and will lose 1.2121% for every 1% index decline beyond 17.5%.

TD Securities (USA) LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,997,000
Maturity:	Sept. 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 170% of any index gain, capped at par plus 34.663%; par if index falls by up to 17.5%; 1.2121% loss for every 1% index decline beyond 17.5%
Initial index level:	3,818.83
Buffer level:	3,150.53475; 82.5% of initial level
Pricing date:	June 29
Settlement date:	July 7
Agent:	TD Securities (USA) LLC
Selected dealer:	Simon Markets LLC, an affiliate of Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	89114Y5U1

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