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TD Bank plans leveraged barrier notes tied to Russell 2000, S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 21 – Toronto-Dominion Bank plans to price 0% leveraged barrier notes due Aug. 24, 2023 linked to the worse performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 202% of any gain in the worse performing index.
If the worse performing index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index below its initial level.
TD Securities (USA) LLC is the agent.
The notes will price on Aug. 22.
The Cusip number is 89114QQK7.
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