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TD Bank to price leveraged capped buffered notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., May 14 – Toronto-Dominion Bank plans to price 0% leveraged capped buffered notes with a term of 23 to 26 months linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% times the index gain, capped at $1,214.95 to $1,252.75 per $1,000 principal amount. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond 15%.
TD Securities (USA) LLC is the agent.
The Cusip number is 89114QNE4.
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