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TD Bank plans leveraged capped market-linked notes on S&P 500
By Susanna Moon
Chicago, Aug. 10 – Toronto-Dominion Bank plans to price 0% market-linked notes – leveraged upside participation to a cap and contingent downside due March 7, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 33% to 38%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index closes below its 70% threshold.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
The notes will price on Aug. 31.
The Cusip number is 89114QPY8.
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