New Issue: TD Bank prices $26.42 million digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Toronto-Dominion Bank priced $26.42 million of 0% digital notes due Jan. 19, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 85% of the initial level, the payout at maturity will be $1,060.20 per $1,000 principal amount. Otherwise, investors will lose 1.1765% for every 1% index decline beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$26,423,000
Maturity:	Jan. 19, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 85% of initial level, par plus 6.02%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
Initial index level:	4,634.09
Threshold level:	3,938.9765, 85% of initial level
Pricing date:	Dec. 14
Settlement date:	Dec. 21
Agent:	TD Securities (USA) LLC
Fees:	0.95%
Cusip:	89114TWA6

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