New Issue: TD Bank sells $500,000 capped buffered return enhanced notes linked to S&P

By Kiku Steinfeld

Chicago, Nov. 17 – Toronto-Dominion Bank priced $500,000 of 0% capped buffered return enhanced notes due Sept. 20, 2023 linked 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 150% of the index return, subject to a maximum payout of par plus 18.57%.

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

TD Securities (USA) LLC is the agent and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Toronto-Dominion Bank
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Sept. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at par plus 18.57%; par if index falls by up to 15%; 1.1765% loss for every 1% index decline beyond 15%
Initial index level:	4,262.45
Buffer level:	3,623.0825; 85% of initial level
Pricing date:	March 16
Settlement date:	March 21
Agents:	TD Securities (USA) LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agents
Fees:	1.25%
Cusip:	89114VAG2

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