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Toronto-Dominion aims to sell digital notes tied to the Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 9 – Toronto-Dominion Bank plans to price 24- to 27-month 0% digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity date will be set at pricing.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be the threshold settlement amount of between $1,137.50 and $1,161.70 per $1,000 of notes. Investors will lose 1.1765% for each 1% decline beyond 15%.
The exact threshold settlement amount will be set at pricing.
TD Securities (USA) LLC is the agent.
The Cusip is 89114QNZ7.
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