New Issue: TD Bank prices $15.08 million digital notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Toronto-Dominion Bank priced $15.08 million of 0% digital notes due Dec. 17, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 8%.

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

TD Securities (USA) LLC is the underwriter with Goldman Sachs & Co. LLC as agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	Russell 2000 index
Amount:	$15,075,000
Maturity:	Dec. 17, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless index falls by more than 15%, in which case 1.1765% loss for every 1% decline beyond 15%
Initial level:	1,634.658
Threshold level:	1,389.46, 85% of initial level
Pricing date:	Oct. 22
Settlement date:	Oct. 29
Underwriter:	TD Securities (USA) LLC with Goldman Sachs & Co. LLC as agent
Fees:	1.01%
Cusip:	89114RVC7

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