New Issue: TD Bank prices $19.92 million digital buffer notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 26 – Toronto-Dominion Bank priced $19.92 million of 0% digital buffer notes due Sept. 27, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout at maturity will be par plus 20.2%. If the index falls by up to 17%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 17%.

TD Securities (USA) LLC and BNP Paribas Securities Corp. are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Digital buffer notes
Underlying index:	S&P 500
Amount:	$19.92 million
Maturity:	Sept. 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is flat or positive, par plus 20.2%; if index falls by up to 17%, par; otherwise, 1% loss for every 1% that index declines beyond 17%
Initial index level:	2,117.18
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Agents:	TD Securities (USA) LLC and BNP Paribas Securities Corp.
Fees:	0.45%
Cusip:	89114QXN3

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