By William Gullotti
Buffalo, N.Y., March 28 – Toronto-Dominion Bank priced $10.3 million of floating rate notes due March 25, 2025 linked to the Two-year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly at a rate equal to the underlying rate plus 62 basis points, subject to a floor of zero.
The payout at maturity will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Floating rate notes
|
| Underlying rate: | Two-year U.S. Dollar SOFR ICE swap rate
|
| Amount: | $10.3 million
|
| Maturity: | March 25, 2025
|
| Coupon: | Payable quarterly at the underlying rate plus 62 bps; floor of zero
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | March 23
|
| Settlement date: | March 25
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.58816%
|
| Cusip: | 89114VAJ6
|
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