New Issue: TD Bank prices $4.68 million contingent barrier digital notes linked to S&P

By Sarah Lizee

Olympia, Wash., May 22 – Toronto-Dominion Bank priced $4.68 million of 0% contingent barrier digital notes due Aug. 19, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the barrier level, 79.8% of the initial index level, the payout at maturity will be par plus 8%.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500
Amount:	$4,682,000
Maturity:	Aug. 19, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than the barrier level, par plus 8%; otherwise, 1% loss for every 1% that the index declines from its initial level
Initial level:	2,859.53
Barrier value:	2,281.90494, 79.8% of initial level
Pricing date:	May 17
Settlement date:	May 24
Agents:	TD Securities (USA) LLC, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.12%
Cusip:	89114QS90

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