New Issue: TD Bank prices $1.1 million capped leveraged buffered notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., July 25 – Toronto-Dominion Bank priced $1.1 million of 0% capped leveraged buffered notes due Feb. 15, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any gain in the lesser-performing index, up to a maximum settlement amount of par plus 15.35%.

Investors will receive par if the laggard index falls by up to 10% and will lose 1% for each 1% decline of the laggard index beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged buffered notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,103,000
Maturity:	Feb. 15, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of the laggard index, subject to maximum settlement amount of par plus 15.35%; par if laggard index falls by up to 10%; otherwise, 1% loss for each 1% decline of worst performer beyond 10%
Initial levels:	4,700.58 for S&P, 2,193.999 for Russell
Buffer levels:	4,230.522 for S&P, 1,974.5991 for Russell; 90% of initial levels
Strike date:	Jan. 5
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89114TYM8

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