New Issue: TD Bank prices $38,000 digital buffered notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., May 17 – Toronto-Dominion Bank priced $38,000 of 0% digital buffered notes due June 5, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 23.7%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital buffered notes
Underlying indexes:	Russell 2000 index
Amount:	$38,000
Maturity:	June 5, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 23.7%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	1,864.043
Buffer level:	1,584.4366, or 85% of initial level
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114Y2V2

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