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Published on 10/4/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $30.5 million Capped Leveraged Index Return Notes on Russell

By William Gullotti

Buffalo, N.Y., Oct. 4 – Toronto-Dominion Bank priced $30.5 million of 0% Capped Leveraged Index Return Notes due Sept. 27, 2024 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus twice any index gain, up to a payout of par plus 31.6%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000 index
Amount:$30,496,430
Maturity:Sept. 27, 2024
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus twice any index gain, capped at par plus 31.6%; if the index falls by up to buffer, par; otherwise, investors will lose 1% for every 1% decline beyond buffer
Initial level:1,674.931
Buffer level:1,507.438; 90% of initial level
Pricing date:Sept. 29
Settlement date:Oct. 6
Agent:BofA Securities, Inc.
Fees:2%
Cusip:891162430

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