New Issue: TD Bank prices $500,000 digital index-linked notes on S&P 500

By Kiku Steinfeld

Chicago, Sept. 26 – Toronto-Dominion Bank priced $500,000 of 0% digital index-linked notes due March 18, 2026linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to 70% of initial level, the payout at maturity will be $1,240 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the index declines.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	March 18, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above threshold level, $1,240 per $1,000 principal amount of notes; otherwise, 1% loss for every 1% that index declines
Initial index level:	3,919.29
Threshold level:	2,743.503; 70% of initial level
Pricing date:	March 14, 2023
Settlement date:	March 21, 2023
Agent:	TD Securities (USA) LLC
Fees:	3%
Cusip:	89114YTP6

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