New Issue: TD Bank sells $1 million contingent barrier digital notes on S&P 500

By Marisa Wong

Los Angeles, May 4 – Toronto-Dominion Bank priced $1 million of 0% contingent barrier digital notes due April 30, 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 65% of the initial index level, the payout at maturity will be par plus 8%.

If the final index level is less than the 65% barrier level, 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 index
Amount:	$1 million
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8% unless index falls by more than 35%, in which case 1% loss for every 1% that index declines from initial level
Initial level:	2,783.36
Barrier value:	1,809.184, 65% of initial level
Final level:	Average of index closing levels for five trading days ending April 27, 2021
Strike date:	April 15
Pricing date:	April 16
Settlement date:	April 21
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RJN7

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