New Issue: TD Bank prices $2.82 million market-linked step-up notes on Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., April 4 – Toronto-Dominion Bank priced $2.82 million of 0% market-linked step-up notes due May 31, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above the step-up level, 118.45% of the initial level, the payout at maturity will be par plus the index return.

If the index finishes flat or gains up to the step-up level, the payout will be par plus the step-up payment of 18.45%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Market-linked step-up notes
Underlying index:	Euro Stoxx 50 index
Amount:	$2,822,080
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up level, par plus the index return; if the index finishes at or below the step-up level but at or above the initial level, par plus 18.45%; otherwise, lose 1% for every 1% decline from initial level
Initial level:	4,285.42
Step-up level:	5,076.08; 118.45% of initial level
Pricing date:	March 30
Settlement date:	April 6
Underwriter:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	89116C867

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