New Issue: TD Bank prices $32.08 million digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, April 18 – Toronto-Dominion Bank priced $32.08 million of 0% digital notes due April 15, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier value, 85% of the initial index level, the payout will be par plus 18.39%.

If the final index level is less than the barrier value, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$32,079,000
Maturity:	April 15, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier value, par plus 18.39%; if final index level is less than barrier value, 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	5,123.41
Buffer value:	4,354.8985; 85% of initial level
Pricing date:	April 12
Settlement date:	April 19
Agent:	TD Securities (USA) LLC
Fees:	0%
Cusip:	89115FYC9

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