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TD Bank to price barrier accelerator notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 20 – Toronto-Dominion Bank plans to price 0% capped barrier accelerator notes due Dec. 29, 2021 linked to 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 at least 148% of the index return. Investors will receive par if the index declines by 30% or less and will be fully exposed to the decline if the index falls by more than 30%.
TD Securities (USA) LLC is the underwriter.
The notes will price Dec. 22 and settle Dec. 29.
The Cusip number is 89114QYZ5.
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