New Issue: TD Bank prices $26.46 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, July 28 – Toronto-Dominion Bank priced $26.46 million of 0% digital notes due April 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the threshold level, 82.5% of the initial level, the payout at maturity will be the threshold settlement amount of $1,169.50 for each $1,000 principal amount.

If the index falls by more than 17.5%, investors will lose 1.2121% for every 1% decline below the threshold.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$26,463,000
Maturity:	April 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 82.5% of initial level, par plus 16.95%; otherwise, 1.2121% loss for every 1% decline beyond 17.5%
Initial index level:	3,966.84
Threshold level:	82.5% of the initial level
Pricing date:	July 25
Settlement date:	Aug. 1
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114YA35

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