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TD Bank eyes contingent absolute return barrier notes on Russell, S&P
By Sarah Lizee
Olympia, Wash., Feb. 13 – Toronto-Dominion Bank plans to price 0% contingent absolute return barrier notes due Feb. 22, 2022 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus 112.25% of the return of the worse performing index.
If either index falls by up to 30%, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
TD Securities (USA) LLC and BNP Paribas Securities Corp. are the agents.
The notes will price on Feb. 15.
The Cusip number is 89114QD47.
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