New Issue: TD Bank prices $4 million contingent fixed return market-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 18 – Toronto-Dominion Bank priced $4 million of market-linked securities due Jan. 18, 2028 – contingent fixed return and fixed-percentage buffered downside linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, finishes flat or declines by up to 20%, the payout will be par plus 31.25%.

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

Wells Fargo Securities LLC and TD Securities (USA) LLC are the agents.

Issuer:	Toronto-Dominion Bank
Issue:	Market-linked securities – contingent fixed return and fixed-percentage buffered downside
Underlying index:	S&P 500
Amount:	$4 million
Maturity:	Jan. 18, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains, finishes flat or falls by up to 20%, par plus 31.25%; otherwise, 1% loss for every 1% decline of the index beyond 20%
Initial level:	4,783.83
Buffer level:	3,827.064, 80% of initial level
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	Wells Fargo Securities LLC and TD Securities (USA) LLC
Fees:	0.825%
Cusip:	89115FQ38

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