By Marisa Wong
Morgantown, W.Va., April 10 – Toronto-Dominion Bank priced $2 million of callable step-up notes due March 31, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.15% for the first year, stepping up to 2.2% for year two, to 2.3% for year three, to 2.5% for year four and to 5.3% for year five. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable quarterly.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable step-up notes
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| Amount: | $2 million
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| Maturity: | March 31, 2022
|
| Price: | Par
|
| Payout at maturity: | Par
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| Coupon: | 2.15% for the first year, stepping up to 2.2% for year two, to 2.3% for year three, to 2.5% for year four and to 5.3% for year five; payable quarterly
|
| Call option: | At par quarterly
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.245%
|
| Cusip: | 89114QZQ4
|
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