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Published on 5/17/2023 in the Prospect News Structured Products Daily.

New Issue: TD Bank prices $1.21 million capped notes linked to Russell, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., May 17 – Toronto-Dominion Bank priced $1.21 million of 0% capped notes due Aug. 15, 2024 linked to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus the return of that index, subject to a maximum payout of par plus 11.1%.

Otherwise, investors will receive par.

TD Securities (USA) LLC is the agent.

Issuer:Toronto-Dominion Bank
Issue:Capped notes
Underlying indexes:Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:$1,206,000
Maturity:Aug. 15, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index finishes flat or positive, par plus return of lowest-performing index up to par plus 11.1%; otherwise, par
Initial values:1,740.849 for Russell, 13,340.18 for Nasdaq, 4,124.08 for S&P
Pricing date:May 12
Settlement date:May 17
Agent:TD Securities (USA) LLC
Fees:0.65%
Cusip:89114YX97

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