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Published on 3/30/2021 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $11.70 million Leveraged Index Return Notes on Russell

By Marisa Wong

Los Angeles, March 30 – Toronto-Dominion Bank priced $11,697,980 of 0% Capped Leveraged Index Return Notes due May 27, 2022 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a maximum payout of par plus 14.21%.

If the index falls by up to 5%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 5%.

BofA Securities, Inc. is the agent.

Issuer:Toronto-Dominion Bank
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000 index
Amount:$11,697,980
Maturity:May 27, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, capped at par plus 14.21%; if index falls by up to 5%, par; otherwise, 1% loss for every 1% index decline beyond 5%
Initial level:2,183.121
Threshold level:2,073.965, 95% of initial level
Final level:Average of index closing levels on each of the five trading days ending May 24, 2022
Pricing date:March 25
Settlement date:April 1
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:891160186

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