New Issue: TD Bank prices $250,000 capped buffer return enhanced notes linked to Russell 2000

By Kiku Steinfeld

Chicago, April 27 – Toronto-Dominion Bank priced $250,000 of 0% capped buffer return enhanced notes due Dec. 27, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index return, capped at par plus 34.24%.

Investors will receive par if the index finishes flat or declines by no more than 15% and will lose 1.1765% for each 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffer return enhanced notes
Underlying index:	Russell 2000 index
Amount:	$250,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 200% of the index return, capped at par plus 34.24%; if the index falls by no more than 15%, par; otherwise, lose 1.1765% for every 1% decline beyond 15%
Initial level:	1,760.932
Buffer value:	1,496.7922; 85% of initial index level
Pricing date:	Dec. 23, 2022
Settlement date:	Dec. 29, 2022
Agents:	TD Securities (USA) LLC
Placement agents:	J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:	1.5%
Cusip:	89114YKD2

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