New Issue: TD Bank sells $2.9 million digital buffered notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 20 – Toronto-Dominion Bank priced $2.9 million of 0% digital buffered notes due Aug. 7, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the digital return of 13.25%.

If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital buffered notes
Underlying index:	Russell 2000
Amount:	$2.9 million
Maturity:	Aug. 7, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is zero or positive, par plus 13.25%; if index falls by up to 10%, par; otherwise, 1% loss for each 1% decline beyond the 10% buffer
Initial level:	1,477.836
Buffer level:	1,330.0524, 90% of initial level
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114QLF3

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