By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – Toronto-Dominion Bank priced $1.5 million of callable step-up notes due Jan. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.4% for the first three years, stepping up to 2.65% for years four and five and to 4.5% after that. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning April 29, 2016.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable step-up notes
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| Amount: | $1.5 million
|
| Maturity: | Jan. 29, 2023
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| Coupon: | 2.4% for three years, stepping up to 2.65% for years four and five and 4.5% after that; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly review date
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.473%
|
| Cusip: | 89114QUN6
|
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