New Issue: TD Bank prices $6.78 million capped leveraged buffered notes on S&P 500

By William Gullotti

Buffalo, N.Y., March 21 – Toronto-Dominion Bank priced $6.78 million of 0% capped leveraged buffered notes with downside leverage due Sept. 20, 2024 linked to the S&P 500 index, according to a 424B5 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of par plus 37%.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped leveraged buffered notes with downside leverage
Underlying index:	S&P 500
Amount:	$6.78 million
Maturity:	Sept. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 37%; par if index falls by up to 15%; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:	4,411.67
Buffer level:	3,749.9195; 85% of initial level
Pricing date:	March 17
Settlement date:	March 22
Agent:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114VAL1

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