TD Bank plans leveraged market-linked notes on iShares MSCI EAFE

By Susanna Moon

Chicago, April 16 – Toronto-Dominion Bank plans to price 0% market-linked securities – leveraged upside participation and contingent downside due May 2, 2023 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus 120% to 130% of the gain.

Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the fund finishes below its 70% threshold.

TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.

The notes will price on April 27.

The Cusip number is 89114QMD7.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.