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TD Bank plans leveraged notes with contingent downside linked to S&P
By Angela McDaniels
Tacoma, Wash., Jan. 8 – Toronto-Dominion Bank plans to price 0% market-linked securities with leveraged upside participation and contingent downside due Feb. 5, 2024 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 125% to 135% of the index return. The exact leverage factor will be set at pricing. If the index decreases by up to 30%, the payout will be par. If the index declines by more than 30%, investors will lose 1% for every 1% that the index declines from its initial level.
TD Securities (USA) LLC and Wells Fargo Securities LLC are the agents.
The notes will price Jan. 30.
The Cusip number is 89114QGK8.
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