TD Bank plans callable three-year step-up notes with 1.15% initial rate

By Susanna Moon

Chicago, May 8 – Toronto-Dominion Bank plans to price callable step-up notes due May 29, 2018, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 1.15% for the first year, stepping up to 1.25% for year two and to 1.5% in year three. Interest will be payable quarterly.

The payout at maturity will be par.

The notes are callable on any quarterly call date.

TD Securities (USA) LLC is the agent.

The notes will price on May 22 and settle on May 29.

The Cusip number is 89114QSW9.

© 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.