New Issue: TD Bank sells $160,000 digital notes linked to Walt Disney

By Sarah Lizee

Olympia, Wash., May 13 – Toronto-Dominion Bank priced $160,000 of 0% digital notes due May 26, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final stock level is greater than or equal to 85% of the initial stock level, the payout at maturity will be par plus 10.4%.

If the stock finishes below the 85% buffer level, investors will lose 1.1765% for every 1% stock decline beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying stock:	Walt Disney Co.
Amount:	$160,000
Maturity:	May 26, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.4% unless stock falls by more than 15%, in which case 1.1765% loss for every 1% decline beyond 15%
Initial level:	$109.16
Buffer level:	$92.786, 85% of initial level
Strike date:	May 8
Pricing date:	May 11
Settlement date:	May 14
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RKV7

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