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TD Bank to price leveraged capped notes linked to S&P 500
Chicago, Jan. 11 – Toronto-Dominion Bank plans to price 19- to 22-month 0% leveraged capped notes 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 three times the index return, subject to a maximum settlement amount that is expected to be between $1,271.50 and $1,318.30 per $1,000 principal amount of notes.
Investors will receive par if the index is flat and will lose 1% for every 1% decline from the initial value of the index.
The exact maturity date and maximum settlement amount will be set at pricing.
TD Securities (USA) LLC is the agent.
The Cusip number is 89114QHT8.
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