New Issue: TD Bank sells $200,000 digital notes linked to Bank of America

By Sarah Lizee

Olympia, Wash., May 14 – Toronto-Dominion Bank priced $200,000 of 0% digital notes due May 27, 2021 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to 80% of the initial share price, the payout at maturity will be par of $10,000 plus 13.05%.

If the stock finishes below the 80% buffer price, investors will receive a number of Bank of America shares equal to $10,000 divided by the buffer price.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying stock:	Bank of America Corp.
Amount:	$200,000
Maturity:	May 27, 2021
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	Par plus 13.05% unless stock falls by more than 20%, in which case 571.5592 Bank of America shares
Initial share price:	$21.87
Buffer price:	$17.496, 80% of initial level
Strike date:	May 12
Pricing date:	May 13
Settlement date:	May 18
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RL79

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