New Issue: TD Bank sells $715,000 leveraged buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Toronto-Dominion Bank priced $715,000 of 0% leveraged buffered index-linked notes due Nov. 2, 2023 tied 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 115% of the index return. Investors will receive par if the index falls by up to 30% and lose 1% for every 1% decline in the index beyond 30%.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$715,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 115% of index return; par if index falls by up to 30%; 1% loss for every 1% decline in index beyond 30%
Initial index level:	2,711.74
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Underwriter:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114QEJ3

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