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Published on 10/28/2020 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $4.26 million leveraged capped buffered notes on Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Toronto-Dominion Bank priced $4.26 million of 0% leveraged capped buffered notes due Nov. 2, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at $1,200.10 per $1,000 of notes.

Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111 % for every 1% index decline beyond 10%.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Leveraged capped buffered notes
Underlying index:Russell 2000 index
Amount:$4,255,000
Maturity:Nov. 2, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 300% of any index gain, capped at $1,200.10 per $1,000 of notes; par if index falls by up to 10%; 1.1111 % loss for every 1% index decline beyond 10%
Initial value:1,605.209
Buffer level:1,444.6881, 90% of initial level
Pricing date:Oct. 26
Settlement date:Nov. 2
Agent:TD Securities (USA) LLC
Fees:2%
Cusip:89114RVD5

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