New Issue: TD Bank prices $6.2 million digital notes linked to the SPDR S&P 500 ETF Trust

By William Gullotti

Buffalo, N.Y., Jan. 9 – Toronto-Dominion Bank priced $6.2 million of 0% digital notes due Jan. 22, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF finishes at or above buffer level, 85% of its initial level, the payout at maturity will be par plus 10.61%.

Otherwise, investors will receive a number of shares equal to $10,000 divided by the ETF’s buffer level.

TD Securities (USA) LLC is the agent with JPMorgan Securities LLC and JPMorgan Chase Bank, N.A. as placement agents.

Issuer:	Toronto-Dominion Bank
Issue:	Digital notes
Underlying fund:	SPDR S&P 500 ETF Trust
Amount:	$6.2 million
Maturity:	Jan. 22, 2024
Coupon:	0%
Price:	Par of $10,000
Payout at maturity:	If ETF finishes at or above buffer level, par plus 10.61%; otherwise, receive 30.6564 shares per note
Initial level:	$383.76
Buffer level:	$326.196; 85% of initial level
Strike date:	Jan. 4
Pricing date:	Jan. 5
Settlement date:	Jan. 10
Agent:	TD Securities (USA) LLC
Placement agents:	JPMorgan Securities LLC and JPMorgan Chase Bank, N.A.
Fees:	1%
Cusip:	89117GDL8

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