New Issue: TD Bank sells $2.08 million leveraged capped buffered notes on EM ETF

By Marisa Wong

Morgantown, W.Va., Nov. 6 – Toronto-Dominion Bank priced $2.08 million of leveraged capped buffered notes due Nov. 5, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum payment of $1,208 per $1,000 principal amount.

Investors will receive par if the ETF falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

TD Securities (USA) LLC and Goldman, Sachs & Co. are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$2,075,000
Maturity:	Nov. 5, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 200% of any ETF gain, with return capped at 20.8%; par if ETF falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial price:	$46.28
Buffer price:	$41.652, 90% of initial price
Pricing date:	Oct. 31
Settlement date:	Nov. 7
Agents:	TD Securities (USA) LLC and Goldman, Sachs & Co.
Fees:	1.75%
Cusip:	89114QJV1

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