New Issue: TD Bank sells $1.4 million leveraged barrier notes tied to Dow, Nasdaq, S&P

By Taylor Fox

New York, Dec. 15 – Toronto-Dominion Bank priced $1.4 million of 0% leveraged barrier notes due Dec. 12, 2025 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 151% of any gain in the worse performing index.

If the worse performing index falls by up to 40%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index below its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged barrier notes
Underlying indexes:	Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index
Amount:	$1,400,000
Maturity:	Dec. 12, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 151% times any gain of least performing index; par if worse performing index falls by up to 40%; otherwise, full exposure to loss of least performing index
Initial levels:	30,173.88 for Dow, 12,635.72 for Nasdaq and 3,702.25 for S&P
Barrier levels:	18,104.328 for Dow, 7,581.432 for Nasdaq and 2,221.35 for S&P, 60% of initial levels
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	TD Securities (USA) LLC
Fees:	0.5%
Cusip:	89114T2Q4

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