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Published on 10/28/2022 in the Prospect News Structured Products Daily.

New Issue: TD Bank sells $1 million leveraged barrier notes tied to Dow, Nasdaq, Russell

Chicago, Oct. 28 – Toronto-Dominion Bank priced $1 million of 0% leveraged barrier notes due March 5, 2025 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 174.44% of any gain in the least performing index.

If the worse performing index falls by up to 30%, 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:$1,000,000
Maturity:March 5, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 174.44% of any gain of least performing index; par if worse performing index falls by up to 30%; otherwise, full exposure to decline of worst performer from initial level
Initial levels:33,892.6 for Dow, 14,237.81 for Nasdaq, 2,048.089 for Russell
Barrier levels:23,724.82 for Dow, 9,966.467 for Nasdaq, 1,433.6623 for Russell; 70% of initial levels
Pricing date:Feb. 28
Settlement date:March 3
Agent:TD Securities (USA) LLC
Fees:0.75%
Cusip:89114V4R5

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