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TD Bank plans capped buffered return enhanced notes tied to VMware
By Sarah Lizee
Olympia, Wash., June 12 – Toronto-Dominion Bank plans to price 0% capped buffered return enhanced notes due July 2, 2020 linked to the common stock of VMware, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than the initial share price, the payout at maturity will be par plus 2 times the stock return, subject to a maximum return that is expected to be at least 24.1% and will be set at pricing.
Investors will receive par if the stock declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
TD Securities (USA) LLC is the agent.
The notes will price June 14.
The Cusip number is 89114QX78.
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