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Published on 7/22/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $24.93 million capped leveraged buffered notes on S&P 500

Chicago, June 24 – Toronto-Dominion Bank priced $24.93 million of 0% capped leveraged buffered notes due July 16, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,412 per each $1,000 principal amount of notes.

Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Capped leveraged buffered notes
Underlying index:S&P 500 index
Amount:$24,928,000
Maturity:July 16, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, subject to maximum settlement amount of $1,412 per each $1,000 principal amount of notes; par if index falls by up to 5%; otherwise, 1% loss for each 1% decline beyond 5%
Initial level:4,510.04
Buffer level:4,284.538; 95% of initial level
Pricing date:July 13
Settlement date:July 18
Agent:TD Securities (USA) LLC
Fees:0.13%
Cusip:89115F3Q2

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