New Issue: TD Bank sells $1.22 million leveraged barrier notes tied to Dow, Nasdaq

By Kiku Steinfeld

Chicago, March 18 – Toronto-Dominion Bank priced $1.22 million of 0% leveraged barrier notes due July 6, 2028 linked to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 166.95% of any gain in the least performing index.

If the worse performing index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer below its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged barrier notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index
Amount:	$1,218,000
Maturity:	July 6, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 166.95% of any gain of least performing index; par if worse performing index falls by up to 30%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	34,407.60 for Dow, 15,179.21 for Nasdaq
Barrier levels:	24,085.32 for Dow, 10,625.447 for Nasdaq, 70% of initial levels
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.75%
Cusip:	89114YZJ3

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