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TD Bank to price capped leveraged buffered notes tied to EAFE ETF
By Sarah Lizee
Olympia, Wash., May 14 – Toronto-Dominion Bank plans to price 0% capped leveraged buffered notes due June 2, 2021 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF gain, capped at par plus 6.8% to 7.8%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.
TD Securities (USA) LLC is the agent.
The notes will price on May 28.
The Cusip number is 89114QP77.
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