New Issue: TD Bank sells $5.76 million capped contingent absolute return barrier notes on S&P

By William Gullotti

Buffalo, N.Y., March 3 – Toronto-Dominion Bank priced $5.76 million 0% capped contingent absolute return barrier notes due March 2, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the return of the index, capped at par plus 60%.

If the index falls by up to 50%, the payout will be par plus the absolute value of the return of the index.

Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped contingent absolute return barrier notes
Underlying index:	S&P 500 index
Amount:	$5,755,000
Maturity:	March 2, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus the return of the index, capped at par plus 60%; if the index falls by up to 50%, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for each 1% decline of the index from its initial level
Initial level:	3,970.15
Barrier level:	1,985.075; 50% of initial level
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	TD Securities (USA) LLC
Fees:	3%
Cusip:	89114YQF1

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