New Issue: TD Bank sells $220,000 contingent barrier digital notes on SPDR S&P biotech

By Taylor Fox

New York, Nov. 6 – Toronto-Dominion Bank priced $220,000 of 0% contingent barrier digital notes due Nov. 22, 2021 linked to the SPDR S&P biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the final fund level is greater than or equal to 75% of the initial fund level, the payout at maturity will be par plus 10.15%.

If the final fund level is less than the 75% barrier level, investors will lose 1% for every 1% that the fund declines from its initial level.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Contingent barrier digital notes
Underlying fund:	SPDR S&P biotech ETF
Amount:	$220,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10.15% unless fund falls by more than 25%, in which case 1% loss for every 1% that fund declines from initial level
Initial level:	$122.95
Barrier value:	$92.2125, 75% of initial level
Final level:	Average of fund closing levels for five trading days ending Nov. 17, 2021
Strike date:	Nov. 4
Pricing date:	Nov. 5
Settlement date:	Nov. 10
Agent:	TD Securities (USA) LLC
Fees:	1%
Cusip:	89114RWU6

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