TD Bank plans 25- to 28-month digital notes linked to S&P 500

By Susanna Moon

Chicago, July 17 – Toronto-Dominion Bank plans to price 0% digital notes due in 25 to 28 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the finishes at or above its 85% threshold level, the payout at maturity will be $1,145.60 to $1,171.20 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.

TD Securities (USA) LLC is the underwriter.

The Cusip number is 89114QPG7.

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