New Issue: TD Bank prices $20.57 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – Toronto-Dominion Bank priced $20.57 million of 0% digital notes due March 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 85% of the initial index level, the payout at maturity will be $1,075.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$20,565,000
Maturity date:	March 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 85% of initial index level, $1,075.50 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	4,589.38
Pricing date:	Feb. 2
Settlement date:	Feb. 9
Underwriter:	TD Securities (USA) LLC
Fees:	0%
Cusip:	89114V2Z9

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