By William Gullotti
Buffalo, N.Y., Jan. 17 – Toronto-Dominion Bank priced $1.27 million of 0% market-linked securities with leveraged upside participation to a cap and contingent downside due Jan. 4, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 250% of any index gain, subject to a maximum payout of par plus 90%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline below the initial level if it falls by more than 20%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Market-linked securities with leveraged upside participation and contingent downside
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| Underlying index: | S&P 500 index
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| Amount: | $1.27 million
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| Maturity: | Jan. 4, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 250% of any index gain capped at 90%; par if the index falls by up to 20%; otherwise, 1% loss for every 1% decline below initial level
|
| Initial index level: | 3,849.28
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| Threshold level: | 3,079.424; 80% of initial level
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 4
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| Agents: | TD Securities (USA) LLC and Wells Fargo Securities, LLC
|
| Fees: | 3.82%
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| Cusip: | 89114YH53
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