New Issue: TD Bank sells $3.9 million leveraged capped buffered notes on S&P 500

By Sarah Lizee

Olympia, Wash., June 6 – Toronto-Dominion Bank priced $3.9 million of 0% leveraged capped buffered notes due May 12, 2021 linked 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 double the index gain, capped at $1,154 per $1,000 principal amount. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500 index
Amount:	$3,895,000
Maturity:	May 12, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any index gain, capped at $1,154 per $1,000 principal amount; par if the index declines by 15% or less; 1.1765% loss for every 1% decline beyond 15%
Initial level:	2,752.06
Buffer level:	2,339.251, 85% of initial level
Pricing date:	May 31
Settlement date:	June 7
Agent:	TD Securities (USA) LLC
Fees:	1.71%
Cusip:	89114QU30

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