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TD Bank to price callable step-up notes due 2023 with 3% initial rate
By Sarah Lizee
Olympia, Wash., Feb. 22 – Toronto-Dominion Bank plans to price callable step-up notes due March 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3% initially, stepping up to 3.5% on Sept. 29, 2021 and to 5% on Sept. 29, 2022. Interest will be payable quarterly.
The payout at maturity will be par.
The notes are callable in whole at par quarterly beginning on June 29.
TD Securities (USA) LLC is the agent.
The notes will price on March 26 and settle on March 29.
The Cusip number is 89114QLN6.
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