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Published on 11/27/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $383,000 contingent barrier return enhanced notes on S&P

Chicago, Nov. 27 – Toronto-Dominion Bank priced $383,000 of 0% contingent barrier return enhanced notes due Oct. 26, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level is greater than the initial level, the payout at maturity will be par plus 1.2875 times the gain.

If the index finishes flat or declines up to 20%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% of index decline from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Contingent barrier return enhanced notes
Underlying index:S&P 500 index
Amount:$383,000
Maturity:Oct. 26, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.2875 times any index gain; if index finishes flat or declines no more than 20%, par; otherwise, full exposure to index decline from initial level
Initial level:3,752.75
Barrier level:3,002.20; 80% of initial level
Pricing date:Oct. 21, 2022
Settlement date:Oct. 26, 2022
Agent:TD Securities (USA) LLC
Fees:3%
Cusip:89114YET4

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