New Issue: TD Bank prices $12.34 million of callable step-up notes with 5.75% initial rate

Chicago, July 24 – Toronto-Dominion Bank priced $12.34 million of callable step-up notes due July 19, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 5.6% initially, stepping up to 6.5% on July 19, 2025 and to 7% on July 19, 2027. Interest is payable quarterly.

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

The payout at maturity will be par.

TD Securities (USA) LLC is the underwriter.

Issuer:	Toronto-Dominion Bank
Issue:	Callable step-up notes
Amount:	$12,335,000
Maturity:	July 19, 2028
Coupon:	5.6% initially, stepping up to 6.5% on July 19, 2025 and to 7% on July 19, 2027; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Callable at par on any quarterly redemption date after one year
Pricing date:	July 14
Settlement date:	July 19
Underwriter:	TD Securities (USA) LLC
Fees:	1.54915%
Cusip:	89114XAS2

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