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Published on 11/4/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $45.13 million leveraged capped notes linked to Stoxx Banks

By William Gullotti

Buffalo, N.Y., Nov. 4 – Toronto-Dominion Bank priced $45.13 million of 0% leveraged capped index-linked notes due Feb. 5, 2024 tied to the Euro Stoxx Banks 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 400% of the index return, capped at $1,489.20 per $1,000 principal amount.

Investors will be fully exposed to any index decline.

TD Securities (USA) LLC and Goldman Sachs & Co. LLC are the agents.

Issuer:Toronto-Dominion Bank
Issue:Leveraged capped index-linked notes
Underlying index:Euro Stoxx Banks index
Amount:$45,127,000
Maturity:Feb. 5, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 400% of any index gain, capped at $1,489.20 per $1,000 principal amount; full exposure to losses
Initial index level:88.16
Pricing date:Nov. 1
Settlement date:Nov. 8
Agents:TD Securities (USA) LLC and Goldman Sachs & Co. LLC
Fees:1.19%
Cusip:89114YFA4

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