By William Gullotti
Buffalo, N.Y., April 5 – Toronto-Dominion Bank priced $1.25 million of 0% contingent return enhanced notes due April 2, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level is greater than the initial level, the payout at maturity will be par plus 1.2184 times the gain.
Investors will be fully exposed to any index decline.
TD Securities (USA) LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acted as placement agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Contingent return enhanced notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1.25 million
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| Maturity: | April 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.2184 times any index gain; full exposure to losses
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| Initial level: | 2,091.07
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| Strike date: | March 30
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | TD Securities (USA) LLC
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 3%
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| Cusip: | 89114VBH9
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