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TD Bank plans capped barrier accelerator notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 4 – Toronto-Dominion Bank plans to price 0% capped barrier accelerator notes due Sept. 28, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any index gain, subject to a maximum return of 20.4%.
If the index return is at least negative 20%, the payout will be par.
If the index falls by more than 20%, investors will be fully exposed to the index decline.
TD Securities (USA) LLC is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 89114QTL2.
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