New Issue: TD Bank prices $329,000 digital notes due 2019 tied to MSCI EAFE index

By Sarah Lizee

Olympia, Wash., July 19 – Toronto-Dominion Bank priced $329,000 of 0% digital notes due Nov. 21, 2019 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be the threshold settlement amount of $1,096 for each $1,000 principal amount of notes.

If the index falls by more than 10%, investors will lose 1.1111% for every 1% decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	MSCI EAFE
Amount:	$329,000
Maturity:	Nov. 21, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 90% of initial level, threshold settlement amount of $1,096 for each $1,000 of notes; otherwise, 1.1111% loss for every 1% that index declines beyond 10%
Initial level:	1,972.64
Threshold level:	1,775.376, 90% of initial level
Pricing date:	July 17
Settlement date:	July 24
Underwriter:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114QPM4

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