New Issue: TD Bank sells $1.59 million leveraged buffered notes on index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Jan. 2 – Toronto-Dominion Bank priced $1.59 million of 0% leveraged buffered notes due Dec. 24, 2024 linked to a basket of three indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Dow Jones industrial average with a 35% weight, the S&P 500 index with a 25% weight, the Russell 2000 index with a 20% weight and the iShares MSCI EAFE ETF weight with a 20% weight.

The payout at maturity will be par plus 1.04 times any basket gain.

Investors will receive par if the basket falls by up to 30% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 30%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged buffered notes
Underlying basket:	Dow Jones industrial average (35% weight), S&P 500 index (25% weight), Russell 2000 index (20% weight) and iShares MSCI EAFE ETF (20% weight)
Amount:	$1,588,000
Maturity:	Dec. 24, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 1.04 times the basket gain; if basket falls by up to 30%, par; if basket falls by more than 30%, 1% loss for every 1% decline from initial level
Initial levels:	28,455.09 for Dow, 3,221.22 for S&P, 1,671.902 for Russell and $69.18 for ETF
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114RAM8

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