New Issue: TD Bank prices $69.59 million capped notes with absolute return buffer on S&P 500

By William Gullotti

Buffalo, N.Y., Aug. 1 – Toronto-Dominion Bank priced $69.59 million of 0% capped notes with absolute return buffer due Sept. 27, 2024 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 of $10 plus any index gain, up to a maximum return of 10%.

If the index falls by up to 11.45%, investors will receive par plus the absolute value of the index return.

Investors will be exposed to any index decline beyond 11.45%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes with absolute return buffer
Underlying index:	S&P 500 index
Amount:	$69,592,930
Maturity:	Sept. 27, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at 10%; if index falls by up to 11.45%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline beyond 11.45%
Initial level:	4,537.41
Threshold value:	4,017.88; 88.55% of initial value
Pricing date:	July 27
Settlement date:	Aug. 3
Agent:	BofA Securities, Inc.
Fees:	1.75%
Cusip:	89116C628

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