By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – The Toronto-Dominion Bank priced $2,125,000 of callable step-up notes due Sept. 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is 2.5% for the first four years, stepping up to 3% for year five, 3.5% for year six, and 4.6% for year seven. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any quarterly call date.
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: | $2,125,000
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Maturity: | Sept. 30, 2022
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Coupon: | 2.5% in years one through four, 3% in year five, 3.5% in year six and 4.6% in year seven; 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: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | TD Securities (USA) LLC
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Fees: | 1.424%
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Cusip: | 89114QTN8
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