By Wendy Van Sickle
Columbus, Ohio, June 14 – Toronto-Dominion Bank priced $1.04 million of capped floating-rate notes due June 14, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at the one-year U.S. dollar SOFR ICE swap rate plus 40 basis points with a floor of 0% and a ceiling of 8%. Interest is payable quarterly.
The payout at maturity will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Capped floating-rate notes
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| Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
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| Amount: | $1,041,000
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| Maturity: | June 14, 2024
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| Coupon: | One-year swap rate plus 40 bps with floor of 0% and ceiling of 8%; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Agent: | TD Securities (USA) LLC
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| Fees: | 0.699213%
|
| Cusip: | 89114YZA2
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