Toronto-Dominion plans market-linked securities tied to MSCI EAFE ETF

By Devika Patel

Knoxville, Tenn., May 25 – Toronto-Dominion Bank intends to price 0% market-linked securities with leveraged upside participation and contingent downside due June 5, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 125% to 135% of any fund gain, with the exact upside participation to be set at pricing.

Investors will receive par if the fund falls by up to 30% and will lose 1% for every 1% decline from the initial level if the fund falls by more than 30%.

TD Securities (USA) LLC and Goldman Sachs & Co. are the agents.

The notes (Cusip: 89114QMW5) will price May 30 and settle June 4.

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