New Issue: TD Bank prices $10.67 million capped notes linked to Dow, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., Aug. 18 – Toronto-Dominion Bank priced $10.67 million of 0% capped notes due Aug. 18, 2023 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus the return of that index, subject to a maximum payout of par plus 11.5%.

Otherwise, investors will lose 1% for every 1% decline of the worst performer to a minimum payment at 95% of par.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index, S&P 500 index
Amount:	$10,674,000
Maturity:	Aug. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus return of lowest-performing index up to par plus 11.5%; otherwise, 1% loss for every 1% decline of worst performer to minimum payment of 95% of par
Initial values:	33,912.44 for Dow, 13,667.18 for Nasdaq, 4,297.14 for S&P
Pricing date:	Aug. 15
Settlement date:	Aug. 18
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89114YB59

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