New Issue: TD Bank prices $3.65 million leveraged capped notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., March 24 – Toronto-Dominion Bank priced $3.65 million of 0% leveraged capped index-linked notes due April 20, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return, capped at $1,170.70 per $1,000 principal amount.

Investors will be fully exposed to any index decline.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged capped index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,645,000
Maturity:	April 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at $1,170.70 per $1,000 principal amount; full exposure to losses
Initial index level:	4,463.12
Pricing date:	March 18
Settlement date:	March 25
Agent:	TD Securities (USA) LLC
Fees:	1.09%
Cusip:	89114VA80

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