Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Toronto-Dominion Bank > News item |
TD Bank plans seven-year callable step-up notes with 2.4% initial rate
By Susanna Moon
Chicago, Nov. 9 – Toronto-Dominion Bank plans to price callable step-up notes due Nov. 30, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.4% for the first four years, stepping up to 3.65% after that. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning Feb. 29, 2016.
TD Securities (USA) LLC is the underwriter.
The notes will price Nov. 24 and settle Nov. 30.
The Cusip number is 89114QUA4.
© 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.