New Issue: TD Bank prices $6.4 million digital notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 4 – Toronto-Dominion Bank priced $6.4 million of 0% digital notes due Nov. 25, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 10%, the payout at maturity will be par plus 8.01%. Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$6,399,000
Maturity:	Nov. 25, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 10%, par plus 8.01%; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	3,037.56
Pricing date:	Oct. 31
Settlement date:	Nov. 7
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114R4B9

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