TD Bank to price digital buffered notes due 2023 tied to Russell

By Sarah Lizee

Olympia, Wash., March 20 – Toronto-Dominion Bank plans to price 0% digital buffered notes due March 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 15%, the payout at maturity will be par plus the digital return of 11.35%. Otherwise, investors will lose 1% for each 1% decline beyond the 15% buffer.

TD Securities (USA) LLC is the agent.

The notes will price on March 26.

The Cusip number is 89114REA0.

© 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.