TD Bank plans leveraged capped buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 31 – Toronto-Dominion Bank plans to price 0% 24- to 27-month leveraged capped buffered notes linked the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum payout of $1,180 to $1,211.50 per $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

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

The Cusip number is 89114QVQ8.

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