New Issue: TD Bank sells $1.25 million contingent absolute return buffered notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., Aug. 8 – Toronto-Dominion Bank priced $1.25 million of 0% contingent absolute return buffered notes due Aug. 7, 2025 linked to the performance of 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 117.93% of any gain of the least performing index.

If the worst performer declines no more than 15%, the payout at maturity will be par plus half of the absolute value of that index’s return.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent absolute return buffered notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1.25 million
Maturity:	Aug. 7, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 117.93% of any gain of worst performer; if worst performer declines no more than 15%, par plus 0.5 times the absolute value of that index’s return; otherwise, 1% loss for each 1% decline of the worst performer beyond 15%
Initial levels:	1,906.456 for Russell, 4,151.94 for S&P
Buffer levels:	1,620.4876 for Russell, 3,529.149 for S&P; 85% of initial levels
Pricing date:	Aug. 4
Settlement date:	Aug. 9
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114YAE1

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