By Marisa Wong
Morgantown, W.Va., May 4 – Toronto-Dominion Bank priced $2.5 million of callable step-up notes due April 29, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 1.7% for the first two years, stepping up to 1.9% for years three and four and to 3.05% for year five. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning July 29.
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: | $2.5 million
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Maturity: | April 29, 2021
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Coupon: | 1.7% for the first two years, stepping up to 1.9% for years three and four and to 3.05% for year five; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par quarterly beginning July 29
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | TD Securities (USA) LLC
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Fees: | 1.296%
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Cusip: | 89114QVD7
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