New Issue: TD Bank sells $1.64 million contingent barrier digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 18 – Toronto-Dominion Bank priced $1.64 million of 0% contingent barrier digital notes due March 28, 2023 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 75% of the initial index level, the payout at maturity will be par plus 8.42%.

If the final index level is less than the 75% barrier level, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500 index
Amount:	$1.64 million
Maturity:	March 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.42% unless index falls by more than 25%, in which case 1% loss for every 1% that index declines from initial level
Initial level:	4,259.52
Barrier value:	3,194.64, 75% of initial level
Pricing date:	March 11
Settlement date:	March 16
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114VA49

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