New Issue: TD prices $1 million of callable step-up notes with 0.65% initial rate

By Taylor Fox

New York, Feb. 22 – Toronto-Dominion Bank priced $1 million of callable step-up notes due Jan. 29, 2026, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 0.65% initially, stepping up to 0.75% on Jan. 29, 2023 and 1% on Jan. 29, 2025. Interest is payable quarterly.

The payout at maturity will be par.

The notes are callable at par on any quarterly redemption date.

TD Securities (USA) LLC is the underwriters.

Issuer:	Toronto-Dominion Bank
Issue:	Callable step-up notes
Amount:	$1,000,000
Maturity:	Jan. 29, 2026
Coupon:	0.65% initially, stepping up to 0.75% on Jan. 29, 2023 and 1% on Jan. 29, 2025; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Callable at par on any quarterly redemption date
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Underwriter:	TD Securities (USA) LLC
Fees:	0.98%
Cusip:	89114T6J6

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