New Issue: TD Bank prices $1.48 million capped buffered index-linked notes tied to S&P 500

By William Gullotti

Buffalo, N.Y., July 18 – Toronto-Dominion Bank priced $1.48 million of 0% capped buffered index-linked notes due July 17, 2024 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 41.36%.

Investors will receive par if the index finishes flat or falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$1.48 million
Maturity:	July 17, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 41.36%; par if the index declines up to 15%; otherwise, 1.1765% loss for every 1% decline of the index beyond 15%
Initial value:	3,801.78
Buffer level:	3,231.513; 85% of initial level
Pricing date:	July 13
Settlement date:	July 20
Agents:	TD Securities (USA) LLC and Goldman Sachs & Co. LLC
Fees:	1.55%
Cusip:	89114Y6X4

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