New Issue: TD Bank prices $1.15 million leveraged buffered notes on index, fund

By Sarah Lizee

Olympia, Wash., June 15 – Toronto-Dominion Bank priced $1.15 million of leveraged capped buffered notes due Dec. 16, 2020 linked an equally-weighted basket of an exchange-traded fund and an index, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the iShares MSCI EAFE ETF with a 50% weight and the Russell 2000 index with a 50% weight.

If the basket return is positive, the payout at maturity will be par plus 105% of the basket return, subject to a maximum payout of $1,409.50 per $1,000 principal amount.

Investors will receive par if the basket declines by up to 15% and will lose 1% for every 1% decline beyond the buffer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying basket:	iShares MSCI EAFE ETF (50% weight) and Russell 2000 (50% weight)
Amount:	$1,153,000
Maturity:	Dec. 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 105% of basket gain, subject to a maximum payout of $1,409.50 per $1,000 principal amount; par if the basket declines by up to 15%; 1% loss for every 1% decline beyond the buffer
Initial levels:	$70.51 for iShares MSCI EAFE ETF and 1,676.537 for Russell 2000
Pricing date:	June 14
Settlement date:	June 19
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114QNU8

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