New Issue: TD Bank prices $5.3 million bearish leveraged capped buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – Toronto-Dominion Bank priced $5.3 million of 0% bearish leveraged capped buffered notes due Nov. 16, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

At maturity, if the final index level has declined by more than 2.5%, investors will receive par plus 1.5% for each 1% decline beyond 2.5%, up to a 14.4% maximum return.

If the index finishes at between 97.5% and 105% of its initial level, investors will receive par. Otherwise, investors will lose 1.05263% for every 1% that the index appreciates above 5%.

TD Securities (USA) LLC and BNP Paribas Securities Corp. are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Bearish leveraged capped buffered notes
Underlying index:	S&P 500
Amount:	$5,298,000
Maturity:	Nov. 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index falls by more than 2.5%, par plus 1.5% for each 1% decline beyond 2.5%, up to 14.4% maximum return; if index finishes at between 97.5% and 105% of initial level, par; otherwise, 1.05263% loss for every 1% index appreciates above 5%
Initial index level:	2,136.73
Pricing date:	Oct. 11
Settlement date:	Oct. 14
Agents:	TD Securities (USA) LLC and BNP Paribas Securities Corp.
Fees:	0.5%
Cusip:	89114QXW3

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