New Issue: TD Bank sells $1.27 million leveraged barrier notes tied to Russell, S&P

By Sarah Lizee

Olympia, Wash., Jan. 3 – Toronto-Dominion Bank priced $1.27 million of 0% leveraged barrier notes due July 3, 2025 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the worse performing index.

If the worse performing index falls by up to 50%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index below its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Leveraged barrier notes
Underlying indexes:	S&P 500 index, Russell 2000
Amount:	$1.27 million
Maturity:	July 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% times any gain of lesser performing index; par if worse performing index falls by up to 50%; otherwise, full exposure to loss of lesser performing index
Initial levels:	1,348.559 for Russell, 2,506.85 for S&P
Barrier levels:	674.280 for Russell, 1,253.425 for S&P, 50% of initial levels
Pricing date:	Dec. 31
Settlement date:	Jan. 4
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114QGP7

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