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TD Bank plans to price contingent barrier notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 11 – Toronto-Dominion Bank plans to price 0% contingent barrier notes due Feb. 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than its initial level, the payout will be par plus the return of the index.
If the index falls by up to its barrier value, 56.7% of the initial level, investors will receive par.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
TD Securities (USA) LLC is the agent.
The notes will price on Feb. 14.
The Cusip number is 89114RDR4.
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