New Issue: TD Bank sells $500,000 capped buffered notes on Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., April 4 – Toronto-Dominion Bank priced $500,000 of 0% capped buffered notes due May 4, 2023 linked to the least performing of the Nasdaq-100 index and 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 the index return of the lesser performing index, capped at $1,081.70 per $1,000 of notes.

Investors will receive par if either index finishes flat or falls by up to 20% and will lose 1% for every 1% decline of the lesser performing index beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered notes
Underlying indexes:	Nasdaq-100 index, S&P 500 index
Amount:	$500,000
Maturity:	May 4, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain of the least performing index, capped at $1,081.70 per $1,000 of notes; par if either index falls but not beyond buffer; otherwise,1% loss for every 1% decline of the least performing index beyond buffer
Initial values:	13,970.21 for Nasdaq, 4,211.47 for S&P
Buffer levels:	11,176.168 for Nasdaq, 3,369.176 for S&P; 80% of initial levels
Pricing date:	April 30, 2021
Settlement date:	May 4, 2021
Agent:	TD Securities (USA) LLC
Fees:	2.5%
Cusip:	89114THM7

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