By Angela McDaniels
Tacoma, Wash., June 6 – Toronto-Dominion Bank priced $2 million of callable step-up notes due May 31, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.7% in years one and two, 1.95% in years three and four and 3.3% in year five. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable at par on any interest payment 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 million
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Maturity: | May 31, 2021
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Coupon: | 1.7% in years one and two, 1.95% in years three and four and 3.3% in 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 on any interest payment date
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Pricing date: | May 26
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Settlement date: | May 31
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Agent: | TD Securities (USA) LLC
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Fees: | 1.1%
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Cusip: | 89114QVK1
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