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Published on 5/18/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $1.05 million leveraged barrier notes tied to Dow, Nasdaq, Russell

Chicago, May 18 – Toronto-Dominion Bank priced $1.05 million of 0% leveraged barrier notes due Oct. 30, 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 130.5% of any gain in the least performing index.

If the worse performing index falls by up to 40%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer 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, Nasdaq-100 index, Russell 2000 index
Amount:$1,050,000
Maturity:Oct. 30, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 130.5% of any gain of least performing index; par if worse performing index falls by up to 40%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:35,490.69 for Dow, 15,598.39 for Nasdaq, 2,252.491 for Russell
Barrier levels:21,294.414 for Dow, 9,359.034 for Nasdaq, 1,351.4946 for Russell; 60% of initial levels
Pricing date:Oct. 27, 2021
Settlement date:Oct. 29, 2021
Agent:TD Securities (USA) LLC
Fees:3.5%
Cusip:89114TU26

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