New Issue: TD Bank prices $3.78 million barrier accelerator notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 30 – Toronto-Dominion Bank priced $3.78 million of 0% capped barrier accelerator notes due Sept. 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 120% of the index return, subject to a maximum return of 20.4%. If the index return is between zero and negative 20%, inclusive, the payout will be par. If the index falls by more than 20%, investors will be fully exposed to the index’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Capped barrier accelerator notes
Underlying index:	S&P 500
Amount:	$3,776,000
Maturity:	Sept. 28, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 120% of index return, subject to 20.4% maximum return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, investors will experience a loss proportionate to index’s decline
Initial index level:	1,931.34
Barrier level:	1,545.072, 80% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Fees:	2%
Cusip:	89114QTL2

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