New Issue: TD Bank prices $30.74 million barrier accelerator notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 27 – Toronto-Dominion Bank priced $30.74 million of barrier accelerator notes due Dec. 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 148% of the index return. If the index return is between zero and negative 30%, inclusive, the payout will be par. If the index falls by more than 30%, investors will be fully exposed to the index’s decline.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Barrier accelerator notes
Underlying index:	S&P 500
Amount:	$30,736,000
Maturity:	Dec. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 148% of index return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, investors will experience a loss proportionate to index’s decline
Initial index level:	2,260.96
Barrier level:	1,582.672, 70% of initial level
Pricing date:	Dec. 22
Settlement date:	Dec. 29
Fees:	0.2%
Cusip:	89114QYZ5

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