New Issue: TD Bank prices $570,000 leveraged notes linked to Dow, S&P

By Kiku Steinfeld

Chicago, Jan. 19 – Toronto-Dominion Bank priced $570,000 of 0% leveraged notes due May 3, 2028 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lowest-performing index’s return is positive, the payout at maturity will be par plus 170.45% of the return of that index.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$570,000
Maturity:	May 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes flat or positive, par plus 170.45% of the return of lowest-performing index; otherwise, 1% loss for every 1% decline of worst performer
Initial values:	34,098.16 for Dow, 4,169.48 for S&P
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	TD Securities (USA) LLC
Fees:	0.25%
Cusip:	89114YWE7

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