New Issue: TD Bank prices $1 million capped buffered return enhanced notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Aug. 9 – Toronto-Dominion Bank priced $1 million of 0% capped buffered return enhanced notes due Feb. 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 150% of the return, subject to a maximum payout of par plus 21.705%.

The payout will be par if the index declines by no more than 20%. Otherwise, investors will lose 1.25% for every 1% decline below 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Feb. 8, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return, capped at par plus 21.705%; par if index declines by no more than 20%; otherwise, investors will lose 1.25% for every 1% decline below 20%
Initial level:	4,130.29
Pricing date:	Aug. 5
Settlement date:	Aug. 10
Agent:	TD Securities (USA) LLC
Fees:	0.3%
Cusip:	89114YAY7

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