By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Toronto-Dominion Bank priced $10 million of 0% capped in-buffered notes due Oct. 12, 2028 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index’s final level is greater than or equal to 142% of its initial level, the payout at maturity will be par plus 102.884%.
If the index’s final level is less than 142% of its initial level but greater than or equal to 112% of its initial level, the payout will be par plus 20% plus 2.7628 times any index gain over 12%.
If the index’s final level is less than 112% of its initial level but greater than or equal to 92% its initial level, the payout will be par plus the return of the index above 92%.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 8%.
TD Securities (USA) LLC and BNP Paribas Securities Corp. are the agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Capped in-buffered notes
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| Underlying index: | Russell 2000 index
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| Amount: | $10 million
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| Maturity: | Oct. 12, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index’s final level is greater than or equal to 142% of its initial level, par plus 102.884%; if the index’s final level is less than 142% of its initial level but greater than or equal to 112% of its initial level, par plus 20% plus 2.7628 times any index gain over 12%; if the index’s final level is less than 112% of its initial level but greater than or equal to 92% of its initial level, par plus 1% for each 1% the index finishes above 92%; otherwise, 1% loss for every 1% decline beyond 8%
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| Initial level: | Arithmetic average of index closing levels from Oct. 13 to Nov. 7
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| Final level: | Arithmetic average of index closing levels from July 7, 2028 to Oct. 9, 2028
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| Buffer level: | 90% of initial level
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Agents: | TD Securities (USA) LLC and BNP Paribas Securities Corp.
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| Fees: | 0.125%
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| Cusip: | 89114YEP2
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