New Issue: TD Bank sells $1.84 million callable contingent interest barrier notes on three indexes

Chicago, Jan. 31 – Toronto-Dominion Bank priced $1.84 million of callable contingent interest barrier notes with daily close monitoring knock-in due July 14, 2025 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.85% if each index closes at or above the 60% contingent interest barrier level on the relevant observation date.

The notes will be callable at par plus any coupon due on any quarterly observation date after six months.

The payout at maturity will be par plus the final coupon if each index finishes at or above its 60% threshold level on every day during the life of the notes of if all three indexes finish above their initial levels.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Callable contingent interest barrier notes with daily close monitoring knock-in
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$1,840,000
Maturity:	July 14, 2025
Coupon:	9.85% annual rate, payable monthly if each index closes at or above contingent interest barrier level on the corresponding observation date
Price:	Par
Payout at maturity:	Par plus final coupon if each index finishes at or above threshold level on every day during life of notes or if all three indexes close above initial levels at maturity; otherwise, 1% loss for each 1% decline of worst performer from initial level
Call option:	At par plus any coupon due on any quarterly observation date after six months
Initial levels:	16,678.71 for Nasdaq, 1,968.035 for Russell, 4,756.50 for S&P
Coupon barrier levels:	10,007.226 for Nasdaq, 1,180.821 for Russell, 2,853.90 for S&P; 60% of initial levels
Threshold levels:	10,007.226 for Nasdaq, 1,180.821 for Russell, 2,853.90 for S&P; 60% of initial levels
Pricing date:	Jan. 9
Settlement date:	Jan. 12
Agent:	TD Securities (USA) LLC
Fees:	0.7%
Cusip:	89115FNR8

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