New Issue: TD Bank sells $2.5 million contingent barrier digital notes on S&P

Chicago, April 1 – Toronto-Dominion Bank priced $2.5 million of 0% contingent barrier digital notes due April 8, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 70% of the initial index level, the payout at maturity will be par plus 12%.

If the final index level is less than the 70% barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying index:	S&P 500
Amount:	$2,495,000
Maturity:	April 8, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 12% unless index falls by more than 30%, in which case full exposure to index decline from initial level
Initial level:	2,304.92
Barrier value:	1,613.444, 70% of initial level
Final level:	Average of index closing levels for five trading days ending April 5, 2021
Strike date:	March 20
Pricing date:	March 23
Settlement date:	March 26
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RGA8

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