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TD Bank to price five-year market-linked securities tied to the Dow
By Marisa Wong
Morgantown, W.Va., Oct. 23 – Toronto-Dominion Bank plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 2, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% to 130% of any index gain.
Investors will receive par if the index falls by up to 30% and will lose 1% for every 1% decline below the initial level if the index falls by more than 30%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
The notes will price on Oct. 30.
The Cusip number is 89114QJT6.
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