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Toronto-Dominion Bank plans to price callable five-year step-up notes
By Susanna Moon
Chicago, Nov. 13 – Toronto-Dominion Bank plans to price callable step-up notes due Nov. 26, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 1.7% for the first year, stepping up to 1.75% in year two, to 1.8% in year three, to 2.25% in year four and to 3.25% in year five. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any call date beginning in Feb. 26, 2015.
TD Securities (USA) LLC was the agent.
The notes will price on Nov. 21 and settle on Nov. 26.
The Cusip number is 89114QSB5.
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