New Issue: TD Bank sells $4.58 million leveraged capped buffered notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Toronto-Dominion Bank priced $4.58 million of leveraged capped buffered notes due Nov. 3, 2021 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 150% of the index return, subject to a maximum payment of par plus 55%.

Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

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

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500
Amount:	$4,581,000
Maturity:	Nov. 3, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 55%; par if index falls by up to 15%; 1% loss for every 1% drop beyond 15%
Initial level:	2,126.15
Buffer level:	1,807.2275, 85% of the initial level
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agents:	TD Securities (USA) LLC, Wells Fargo Securities, LLC
Fees:	4.33%
Cusip:	89114QXQ6

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