New Issue: TD Bank prices $5.73 million leveraged capped buffered notes on S&P

By Kiku Steinfeld

Chicago, Nov. 27 – Toronto-Dominion Bank priced $5.73 million of 0% leveraged capped buffered notes due Dec. 23, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain, capped at $1,094.50 per $1,000 principal amount. If the index declines by up to 10%, the payout will be par. Investors will lose 1% for every 1% that the index declines beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped buffered notes
Underlying index:	S&P 500 index
Amount:	$5,731,000
Maturity:	Dec. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any gain, capped at $1,094.50 per $1,000 principal amount; if index declines by up to 10%, par; investors will lose 1% for every 1% that index declines beyond 10%
Initial level:	3,094.04
Buffer level:	2,784.636, 90% of initial level
Pricing date:	Nov. 13
Settlement date:	Nov. 18
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89114R5L6

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