New Issue: TD Bank sells $1.65 million capped contingent absolute return buffer notes on indexes

By Wendy Van Sickle

Columbus, Ohio, May 16 – Toronto-Dominion Bank priced $1.65 million of 0% capped contingent absolute return buffer notes due May 23, 2024 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par any index gain of the laggard index, subject to a maximum return of par plus 10%.

If the laggard index falls by up to 20%, the payout will be par plus the absolute value of the laggard index return.

Otherwise, investors will lose 1% for every 1% decline of the laggard index beyond 20%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped contingent absolute return buffer notes
Underlying index:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$1,652,000
Maturity:	May 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain of laggard index capped at 10%; if laggard index falls by up to 20%, par plus the absolute value of that index return; otherwise, 1% loss for each 1% decline of laggard index beyond 20%
Initial levels:	13,340.18 for Nasdaq, 1,740.849 for Russell, 4,124.08 for S&P
Barrier levels:	10,672.144 for Nasdaq, 1,392.6792 for Russell, 3,229.264 for S&P, 80% of initial levels
Pricing date:	May 12
Settlement date:	May 17
Agent:	TD Securities (USA) LLC
Fees:	0.65%
Cusip:	89114YX89

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