New Issue: TD prices $2.66 million callable step-up notes with 2.25% initial rate

By Devika Patel

Knoxville, Tenn., June 29 – Toronto-Dominion Bank priced $2,662,000 of callable step-up notes due June 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 2.25% in years one through four, 2.75% in year five, 3.5% in year six and 5% in year seven. Interest will be payable quarterly.

The payout at maturity will be par plus interest.

The notes will be callable quarterly.

TD Securities (USA) LLC is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Callable step-up notes
Amount:	$2,662,000
Maturity:	June 30, 2022
Coupon:	2.25% initially, stepping up to 2.75% on June 30, 2019, to 3.5% on June 30, 2020 and to 5% on June 20, 2021; payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	Quarterly beginning Sept. 30, 2015 at par plus interest
Pricing date:	June 25
Settlement date:	June 30
Agent:	TD Securities (USA) LLC
Fees:	2.2%
Cusip:	89114QTD0

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