New Issue: TD Bank prices $389,000 8.25% barrier notes linked to Nasdaq, Russell, S&P

By Angela McDaniels

Tacoma, Wash., March 28 – Toronto-Dominion Bank priced $389,000 of 8.25% fixed interest barrier notes due July 5, 2024 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.

Interest is payable monthly.

The payout at maturity will be par unless any index finishes below its 70% barrier level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Fixed interest barrier notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$389,000
Maturity:	July 5, 2024
Coupon:	8.25%, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case 1% loss for every 1% that worst performer declines from initial level
Initial levels:	15,179.21 for Nasdaq, 1,888.743 for Russell and 4,450.38 for Russell
Barrier levels:	10,625.447 for Nasdaq, 1,322.1138 for Russell and 3,115.266 for Russell, or 70% of initial levels
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.6%
Cusip:	89115F2H3

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