New Issue: TD Bank sells $3.46 million buffered digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 17 – Toronto-Dominion Bank priced $3.46 million of 0% buffered digital notes due March 16, 2020 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 85% of the initial index level, the payout at maturity will be par plus the digital return of 12.7%.

If the index falls by more than the 15% buffer, investors will lose 1.1765% for every 1% decline beyond 15%.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$3,457,000
Maturity:	March 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to 85% buffer level, par plus 12.7%; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial level:	2,767.56
Buffer level:	2,352.426, 85% of initial level
Pricing date:	Jan. 11
Settlement date:	Jan. 19
Underwriter:	TD Securities (USA) LLC
Fees:	None
Cusip:	89114QKK3

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