New Issue: TD Bank prices $19.1 million notes linked to Raymond James sustainability stock basket

By Angela McDaniels

Tacoma, Wash., March 22 – Toronto-Dominion Bank priced $19.1 million of 0% notes due April 7, 2017 linked to a basket of 14 sustainability-related common equity securities selected in March by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies, chosen for supporting long-term ecological balance through the reduction or elimination of harmful impacts to the environment or depletion of natural resources, are Covanta Holding Corp., Fleetmatics Group plc, Kansas City Southern, Pattern Energy Group Inc., Potlatch Corp., Republic Services, Inc., Silver Spring Networks, Inc., SunPower Corp., Union Pacific Corp., Waste Connections, Inc. and Weyerhaeuser Co., each with an 8.113% weight; Mercer International, Inc. with a 6.075% weight; CatchMark Timber Trust, Inc. with a 2.374% weight and Casella Waste Systems, Inc. with a 2.308% weight.

For each $1,000 principal amount of notes, the payout at maturity will be $1,000 times 97% of the basket level percentage. Because of the 97% participation rate, investors will receive less than par if the basket level percentage is less than 103.09%.

For each stock, its initial share price is the average of its closing share prices on March 18, March 21 and March 22 plus $0.01.

For each stock, its final share price will be the average of its closing share prices on March 31, 2017, April 3, 2017 and April 4, 2017 minus $0.01 plus the dividend amount for that stock, being an amount in dollars equal to 100% of the gross cash distributions per share of that stock declared during the life of the notes.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Equity securities-linked notes
Underlying stocks:	Covanta Holding Corp., Fleetmatics Group plc, Kansas City Southern, Pattern Energy Group Inc., Potlatch Corp., Republic Services, Inc., Silver Spring Networks, Inc., SunPower Corp., Union Pacific Corp., Waste Connections, Inc. and Weyerhaeuser Co., each with an 8.113% weight; Mercer International, Inc. with a 6.075% weight; CatchMark Timber Trust, Inc. with a 2.374% weight and Casella Waste Systems, Inc. with a 2.308% weight.
Amount:	$19,091,000
Maturity:	April 7, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	$1,000 times 97% of the basket level percentage
Pricing date:	March 18
Settlement date:	March 28
Agent:	TD Securities (USA) LLC
Fees:	2%
Cusip:	89114QUY2

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