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TD Bank to price capped leveraged buffered notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., May 15 – Toronto-Dominion Bank plans to price 0% capped leveraged buffered notes due June 3, 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 200% of the index gain, capped at par plus 9% to 10%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
TD Securities (USA) LLC is the agent.
The notes will price on May 31.
The Cusip number is 89114QQ50.
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