TD Bank plans to price 11% notes linked to Las Vegas Sands

By Angela McDaniels

Seattle, Nov. 7 - TD Bank Financial Group plans to price an issue of 11% notes due Nov. 28, 2007 linked to the common stock of Las Vegas Sands Corp., according to a 424B5 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will settle on Nov. 27.

Payout at maturity will be par unless Las Vegas Sands stock falls below the limit price - 70% of the initial share price - during the life of the notes and finishes below its initial share price, in which case payout will be a number of Las Vegas Sands shares equal to $1,000 divided by the initial share price.

TD Securities (USA) LLC will be the agent for the offering and will receive a commission of 237.5 basis points.

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