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TD Bank to price leveraged market-linked notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., June 7 – Toronto-Dominion Bank plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Jan. 3, 2023 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 110% to 120% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline below the initial level if it falls by more than 20%.
TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.
The notes will price on June 27.
The Cusip number is 89114QU63.
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