New Issue: TD Bank prices $12.31 million digital index-linked notes on S&P 500

Chicago, Jan. 27 – Toronto-Dominion Bank priced $12.31 million of 0% digital index-linked notes due May 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to 80% of initial level, the payout at maturity will be $1,118 per $1,000 principal amount of notes. Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.

TD Securities (USA) LLC is the agent. Simon Markets LLC is distributing the notes.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$12,310,000
Maturity:	May 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level $1,118 per $1,000 principal amount of notes; otherwise, 1.25% loss for every 1% that index declines beyond 20%
Initial index level:	4,016.95
Buffer level:	3,213.56; 80% of initial level
Pricing date:	Jan. 24
Settlement date:	Jan. 30
Agents:	TD Securities (USA) LLC with Simon Markets LLC as distributor
Fees:	0%
Cusip:	89114YMK4

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