New Issue: TD Bank sells $1.56 million contingent barrier digital notes on Russell

By Taylor Fox

New York, Feb. 23 – Toronto-Dominion Bank priced $1.56 million of 0% contingent barrier digital notes due March 9, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 80% of the initial index level, the payout at maturity will be par plus 9.55%.

If the final index level is less than the 80% barrier level, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	Russell 2000 index
Amount:	$1,555,000
Maturity:	March 9, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9.55% unless index falls by more than 20%, in which case 1% loss for every 1% that index declines from initial level
Initial level:	2,266.689
Barrier value:	1,813.3512, 80% of initial level
Final level:	Average of index closing levels for five trading days ending March 4, 2022
Pricing date:	Feb. 19
Settlement date:	Feb. 26
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114TBC5

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