New Issue: TD Bank prices $523,000 capped buffered notes linked to S&P 500

By Kiku Steinfeld

Chicago, March 18 – Toronto-Dominion Bank priced $523,000 of 0% capped buffered notes July 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus the index return, capped at par plus 16.6%.

Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered notes
Underlying index:	S&P 500 index
Amount:	$523,000
Maturity:	July 8, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 16.6%; par if the index declines up to 10%; otherwise, 1% loss for every 1% decline of the index beyond 10%
Initial value:	4,450.38
Buffer level:	4,005.342; 90% of initial level
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114YZ53

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