| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for E*Trade Financial Corp. > News item |
TD Bank plans 11% notes linked to E*Trade
New York, June 30 - TD Bank Financial Group is planned an offering of 11% notes due July 31, 2007 linked to the performance of the common stock of E*Trade Financial Corp., according to a 424B5 filing with the Securities and Exchange Commission.
At maturity, the notes will pay par if the market price of E*Trade stock is greater than or equal to the initial price.
If E*Trade stock has not fallen below the limit price - set at 70% on the initial price - during the life of the notes, then holders will also receive par.
If E*Trade stock does fall below the limit price during the life of the notes, holders will receive a number of E*Trade shares equal to par divided by the initial price.
The notes will be rated Aa3 by Moody's Investors Service.
TD Securities will be the underwriter.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.