New Issue: TD Bank prices $7.49 million digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Dec. 22 – Toronto-Dominion Bank priced $7.49 million of 0% digital index-linked notes due May 21, 2025 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 87.5% of initial level, the payout at maturity will be $1,128 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$7,487,000
Maturity:	May 21, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above buffer level, $1,128 per $1,000 principal amount of notes; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
Initial index level:	4,740.56
Buffer level:	4,147.99; 87.5% of initial level
Pricing date:	Dec. 18
Settlement date:	Dec. 26
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89115FLB5

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