New Issue: TD Bank sells $1 million contingent absolute return buffered notes on three indexes

By William Gullotti

Buffalo, N.Y., June 22 – Toronto-Dominion Bank priced $1 million of 0% contingent absolute return buffered notes due June 21, 2027 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 130% of any gain of the least performing index.

If the worst performer declines no more than 20%, the payout at maturity will be par plus the absolute value of that index’s return. Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent absolute return buffered notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, S&P 500 index
Amount:	$1 million
Maturity:	June 21, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 130% of any gain of worst performer; if worst performer declines no more than 20%, par plus the absolute value of that index’s return; otherwise, 1 % loss for each 1% decline of the worst performer beyond 20%
Initial levels:	30,516.74 for Dow, 1,714.595 for Russell, 3,749.63 for S&P
Buffer levels:	24,413.392 for Dow, 1,371.676 for Russell, 2,999.704 for S&P; 80% of initial levels
Strike date:	June 13
Pricing date:	June 15
Settlement date:	June 21
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89114Y5C1

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