New Issue: TD Bank prices $5.22 million digital barrier notes linked to S&P 500, Russell 2000

By William Gullotti

Buffalo, N.Y., Dec. 14 – Toronto-Dominion Bank priced $5.22 million of 0% digital barrier notes due Jan. 9, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index finishes at or above 80% of initial level, the payout at maturity will be par plus 11.25%.

Otherwise, investors will lose 1% for every 1% that the laggard index declines from initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$5,224,000
Maturity:	Jan. 9, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par plus 11.25%; otherwise, 1% loss for every 1% that laggard index declines from initial level
Initial index levels:	4,569.78 for S&P, 1,882.016 for Russell
Barrier levels:	3,655.824 for S&P, 1,505.6128 for Russell; 80% of initial levels
Pricing date:	Dec. 4
Settlement date:	Dec. 7
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89115FJY8

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