Chicago, Sept. 15 – Toronto-Dominion Bank priced $7 million of callable step-up notes due Sept. 15, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 5.85% initially, stepping up to 6.15% on Sept. 15, 2025 and to 7% on Sept. 15, 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: | $7 million
|
Maturity: | Sept. 15, 2028
|
Coupon: | 5.85% initially, stepping up to 6.15% on Sept. 15, 2025 and to 7% on Sept. 15, 2027; payable quarterly
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | Callable at par on any quarterly redemption date after one year
|
Pricing date: | Sept. 12
|
Settlement date: | Sept. 15
|
Underwriter: | TD Securities (USA) LLC
|
Fees: | 1.58857%
|
Cusip: | 89114XBF9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.