Toronto-Dominion plans upside participation buffered notes on Russell

By Wendy Van Sickle

Columbus, Ohio, Oct. 13 – The Toronto-Dominion Bank plans to price 0% capped leveraged upside participation and fixed-percentage buffered downside market-linked securities due May 4, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of any index gain, up to a maximum return of 25% to 35%. The exact cap will be set at pricing.

If the index falls, investors will receive par for any decline up to 10% and will be exposed to losses beyond 10%.

TD Securities (USA) LLC and Wells Fargo Securities, LLC are the agents.

The notes will price Oct. 30 and settle Nov. 4.

The Cusip number is 89114QTX6.

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