Chicago, Aug. 15 – Toronto-Dominion Bank priced $5 million of callable step-up notes due July 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 5.5% initially, stepping up to 6.1% on July 31, 2025 and to 7% on July 31, 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: | $5 million
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| Maturity: | July 31, 2028
|
| Coupon: | 5.5% initially, stepping up to 6.1% on July 31, 2025 and to 7% on July 31, 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 26
|
| Settlement date: | July 31
|
| Underwriter: | TD Securities (USA) LLC
|
| Fees: | 1.584%
|
| Cusip: | 89114XB36
|
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