By Wendy Van Sickle
Columbus, Ohio, May 31 – Toronto-Dominion Bank priced $500,000 of callable step-up notes due May 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be 2.15% for the first three years, stepping up to 2.55% for years four and five, and to 4% for years six and seven. 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
|
| Amount: | $500,000
|
| Maturity: | May 31, 2024
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Coupon: | 2.15% for the first three years, stepping up to 2.55% for years four and five, and to 4% for years six and seven; payable quarterly
|
| Call option: | At par quarterly
|
| Pricing date: | May 25
|
| Settlement date: | May 31
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 1.47%
|
| Cusip: | 89114QJA7
|
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