New Issue: TD Bank sells $400,000 autocallable contingent buffered notes on S&P 500

By Kiku Steinfeld

Chicago, March 27 – Toronto-Dominion Bank priced $400,000 of 0% autocallable contingent buffered notes due Dec. 5, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If index closes at or above its 90% call level on Dec. 15, 2023, the notes will be called at par plus a premium of 11.2%.

If index finishes at or above its initial level, the payout at maturity will the greater of par plus the index return and par plus 22.4%.

If the index declines up to the 20% buffer, investors will receive par. Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Autocallable contingent buffered notes
Underlying index:	S&P 500 index
Amount:	$400,000
Maturity:	Dec. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial level, the greater of par plus 22.4% and par plus the index return; if the index declines no farther than buffer level, par; otherwise, investors will lose 1.25% for each 1% decline beyond 20%
Call:	If index closes at or above call level on Dec. 15, 2023, at par plus 11.2% call premium
Initial level:	4,071.70
Call level:	3,664.53; 90% of initial level
Buffer level:	3,257.36; 80% of initial level
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Underwriter:	TD Securities (USA) LLC
Fees:	1.5%
Cusip:	89114YH79

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