By Angela McDaniels
Tacoma, Wash., Aug. 26 – Toronto-Dominion Bank priced $2 million of callable step-up notes due Aug. 27, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 2.35% in years one through four, 3.25% in year five, 4.25% in year six and 5% in year seven. 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
|
| Issue: | Callable step-up notes
|
| Amount: | $2 million
|
| Maturity: | Aug. 27, 2022
|
| Coupon: | 2.35% in years one through four, 3.25% in year five, 4.25% in year six and 5% in year seven; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly call date
|
| Pricing date: | Aug. 24
|
| Settlement date: | Aug. 27
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.45%
|
| Cusip: | 89114QTH1
|
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