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Published on 10/13/2021 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $14 million leveraged capped buffered notes on basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – Toronto-Dominion Bank priced $14 million of leveraged capped buffered notes due May 24, 2023 linked to an ulyqually weighted basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with an 11% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus 130% of the basket return, subject to a maximum payout of $1,206.05 per $1,000 of notes.

Investors will receive par if the basket declines by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Leveraged capped buffered notes
Basket components:Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
Amount:$14,003,000
Maturity:May 24, 2023
Coupon:0%
Price:Par
Payout at maturity:If the basket return is positive, par plus 130% of the basket return, capped at $1,206.05 per $1,000 of notes; par if the basket declines by 12.5% or less; 1.1429% loss for every 1% drop beyond 12.5%
Initial levels:4,048.08 for Euro Stoxx, 2,030.16 for Topix, 7,086.42 for FTSE, 11,642.45 for Swiss Market, 7,332.159 for S&P/ASX
Pricing date:Sept. 30
Settlement date:Oct. 7
Agent:TD Securities (USA) LLC
Fees:0%
Cusip:89114TSE3

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