By Angela McDaniels
Tacoma, Wash., Aug. 26 – Toronto-Dominion Bank priced $2.1 million of callable step-up notes due Aug. 27, 2020, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 2.1% in years one and two, 2.2% in years three and four and 4.2% in year five. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par quarterly.
TD Securities (USA) LLC is the underwriter.
Issuer: | Toronto-Dominion Bank
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Issue: | Callable step-up notes
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Amount: | $2.1 million
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Maturity: | Aug. 27, 2020
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Coupon: | 2.1% in years one and two, 2.2% in years three and four and 4.2% in year five; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any quarterly call date
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Pricing date: | Aug. 24
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Settlement date: | Aug. 27
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Agent: | TD Securities (USA) LLC
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Fees: | 0.922%
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Cusip: | 89114QTJ7
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