From your description, I think the pill is
Tylenol Rapid Release Gel containing 500 mg acetaminiophen.
The imprint is TY 500 but could be mistaken for TV 500. The "bandaid" mark in the middle has little laser drilled holes from which some of the med is released right away (according to the advertisements).
I'm not a pharmacist or a medical doctor. This message is not medical advice nor is it an offer to provide medical advice. All drug identifications should be validated by a licensed MD or pharmacist.