By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – Toronto-Dominion Bank priced $1 million of callable step-up notes due Sept. 30, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 1.4% in years one to two, 1.6% in year three, 2% in year four and 2.75% in year five. Interest will be payable quarterly.
The payout at maturity will be par plus interest.
The notes will be callable quarterly at par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
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| Issue: | Callable step-up notes
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| Amount: | $1 million
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| Maturity: | Sept. 30, 2021
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| Coupon: | 1.4% in years one to two, 1.6% in year three, 2% in year four and 2.75% in year five; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date
|
| Pricing date: | Sept. 27
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| Settlement date: | Sept. 30
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| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.21%
|
| Cusip: | 89114QXJ2
|
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