By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Toronto-Dominion Bank priced $9.62 million of 0% leveraged capped buffered notes due Jan. 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 140% of the index return, subject to a maximum payout of par plus 26.936%.
Investors will receive par if the index finishes flat or falls by up to 8% and will lose 1% for every 1% index decline beyond 8%.
TD Securities (USA) LLC is the agent. Simon Markets LLC, a broker-dealer affiliated with Goldman Sachs & Co. LLC, is acting as a dealer.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Leveraged capped buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $9.62 million
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| Maturity: | Jan. 18, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 140% of any index gain, capped at par plus 26.936%; par if index falls by up to 8%; 1% loss for every 1% index decline beyond 8%
|
| Initial index level: | 3,583.07
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| Buffer level: | 3,296.4244; 92% of initial level
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| Pricing date: | Oct. 14
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| Settlement date: | Oct. 21
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| Agent: | TD Securities (USA) LLC
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| Selected dealer: | Simon Markets LLC, an affiliate of Goldman Sachs & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 89114YEJ6
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