New Issue: TD Bank sells $1.65 million capped buffered notes on stock basket

By Sarah Lizee

Olympia, Wash., Feb. 13 – Toronto-Dominion Bank priced $1.65 million of capped buffered notes due Feb. 7, 2023 linked to an equally weighted basket of stocks, according to a 424B2 filed with the Securities and Exchange Commission.

The stocks include Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of $1,750 per $1,000 of notes.

If the basket declines by up to 20%, the payout will be par.

Investors will lose 1% for every 1% decline of the basket beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered notes
Basket components:	Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co., equal weights
Amount:	$1,645,000
Maturity:	Feb. 7, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the basket return is positive, par plus the basket return, subject to a maximum payout of $1,750 per $1,000 of notes; if the basket declines by up to 20%, par; 1% loss for every 1% decline of the basket beyond 20%
Initial levels:	$32.97 for BofA, $133.37 for JPMorgan, $47.12 for Wells
Buffer level:	80% of initial basket level
Pricing date:	Feb. 3
Settlement date:	Feb. 6
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89114RCV6

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