By Devika Patel
Knoxville, Tenn., March 30 – Toronto-Dominion Bank priced $3 million of callable step-up notes due March 31, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.5% in years one through three, 3% in years four and five and 3.5% in years six and seven. Interest will be payable quarterly.
The payout at maturity will be par plus interest.
Beginning on June 30, 2016, the notes will be callable quarterly.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable step-up notes
|
| Amount: | $3 million
|
| Maturity: | March 31, 2023
|
| Coupon: | 2.5% initially, stepping up to 3% in years four and five and to 3.5% in years six and seven; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date after June 30, 2016
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.491%
|
| Cusip: | 89114QUW6
|
© 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.
