By Susanna Moon
Chicago, Dec. 30 – Toronto-Dominion Bank priced $2 million of callable step-up notes due Dec. 31, 2022, according to a 424B2 filed with the Securities and Exchange Commission.
Interest will be 2.4% for the first four years, stepping up to 3.9% after that. Interest will be payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any quarterly review 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: | $2,388,000
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| Maturity: | Dec. 31, 2022
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| Coupon: | 2.4% for four years, stepping up to 3.9% after that; 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 review date
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 31
|
| Agent: | TD Securities (USA) LLC
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| Fees: | 1.64%
|
| Cusip: | 89114QUF3
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