New Issue: TD Bank sells $1.05 million market-linked notes tied to iShares MSCI EM

By Marisa Wong

Morgantown, W.Va., Dec. 8 – Toronto-Dominion Bank priced $1.05 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 30, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum return of 40%.

Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond 10%.

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

Issuer:	Toronto-Dominion Bank
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,051,000
Maturity:	Nov. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any fund gain, capped at 40%; par if fund falls by up to 10%; exposure to any losses beyond 10%
Initial price:	$34.98
Buffer level:	$31.482, 90% of initial price
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agents:	TD Securities (USA) LLC and Wells Fargo Securities, LLC
Fees:	2.66%
Cusip:	89114QTZ1

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