New Issue: TD Bank prices $550,000 digital notes linked to S&P 500

Chicago, Sept. 27 – Toronto-Dominion Bank priced $550,000 of 0% digital notes due Sept. 27, 2027 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 its initial level, the payout at maturity will be $1,342 per $1,000 principal amount of notes.

Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$550,000
Maturity:	Sept. 27, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above initial level, $1,342 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	3,757.99
Pricing date:	Sept. 22, 2022
Settlement date:	Sept. 27, 2022
Agent:	TD Securities (USA) LLC
Fees:	3.5%
Cusip:	89114YCX7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.