New Issue: TD Bank sells $1.36 million leveraged market-linked notes with downside on basket

By William Gullotti

Buffalo, N.Y., Dec. 7 – Toronto-Dominion Bank priced $1.36 million of 0% market-linked securities – leveraged upside participation and contingent downside due Dec. 5, 2028 tied to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 40% weight and the Nikkei 225 index with a 20% weight.

The payout at maturity will be par plus 165% of any basket gain.

Investors will receive par if the basket falls by up to 30% and will lose 1% for every 1% decline below the initial level if it falls by more than 30%.

TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Market-linked securities – leveraged upside participation and contingent downside
Underlying basket:	S&P 500 index (40% weight), Euro Stoxx 50 index (40% weight), Nikkei 225 index (20% weight)
Amount:	$1.36 million
Maturity:	Dec. 5, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 165% of any basket gain; par if the basket falls by up to 30%; otherwise, 1% loss for every 1% decline from initial level
Initial index levels:	4,567.8 for S&P, 4,382.47 for Stoxx, 33,486.89 for Nikkei
Threshold level:	70% of initial basket level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agents:	TD Securities (USA) LLC and Wells Fargo Securities, LLC
Fees:	3.87%
Cusip:	89115FH53

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