New Issue: TD Bank sells $10.13 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, April 6 – Toronto-Dominion Bank priced $10.13 million of 0% digital notes due April 13, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 11.15%.

If the index finishes below the 90% buffer level, investors will lose 1.1111% for every 1% index decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$10,125,000
Maturity:	April 13, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 11.15% unless index falls by more than 10%, in which case 1.1111% loss for every 1% decline beyond 10%
Initial level:	2,630.07
Buffer level:	2,367.063, 90% of initial level
Strike date:	March 26
Pricing date:	March 27
Settlement date:	April 1
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RGU4

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