New Issue: TD Bank prices $400,000 digital barrier notes linked to Nasdaq, Russell, S&P

By Angela McDaniels

Tacoma, Wash., April 30 – Toronto-Dominion Bank priced $400,000 of 0% digital barrier notes due July 22, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least performing index is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 30.1%. Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital barrier notes
Underlying indexes:	Nasdaq-100 index, the Russell 2000 index and the S&P 500 index
Amount:	$400,000
Maturity:	July 22, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of least performing index is greater than or equal to barrier level, par plus 30.1%; otherwise, 1% loss for every 1% that least performing index declines from initial level
Initial levels:	15,713.28 for Nasdaq, 1,951.269 for Russell and 4,522.79 for S&P
Barrier levels:	10,999.296 for Nasdaq, 1,365.8883 for Russell and 3,165.953 for S&P, or 70% of initial levels
Pricing date:	July 17, 2023
Settlement date:	July 20, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.75%
Cusip:	89115F3Z2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.