New Issue: TD Bank sells $531,000 leveraged barrier notes tied to Dow, Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Toronto-Dominion Bank priced $531,000 of 0% leveraged barrier notes due Jan. 9, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 162% of any gain in the worse performing index.

If the worse performing index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index below its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged barrier notes
Underlying indexes:	Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index
Amount:	$531,000
Maturity:	Jan. 9, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 162% times any gain of least performing index; par if worse performing index falls by up to 30%; otherwise, full exposure to loss of least performing index
Initial levels:	30,829.4 for Dow, 12,623.35 for Nasdaq and 2,057.92 for Russell
Barrier levels:	21,580.58 for Dow, 8,836.345 for Nasdaq and 1,440.544 for Russell, 70% of initial levels
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agent:	TD Securities (USA) LLC
Fees:	1.2%
Cusip:	89114T5V0

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