By Sarah Lizee
Olympia, Wash., May 14 – Toronto-Dominion Bank priced $1 million of callable step-up notes due May 15, 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3.25% initially, stepping up to 4.25% on May 15, 2021 and to 5.25% on May 15, 2022. Interest is payable quarterly.
The payout at maturity will be par.
The notes are callable in whole at par quarterly beginning on May 15, 2019.
TD Securities (USA) LLC and Barclays are the agents.
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: | May 15, 2023
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Price: | Par
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Payout at maturity: | Par
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Coupon: | 3.25% initially, stepping up to 4.25% on May 15, 2021 and to 5.25% on May 15, 2022; payable quarterly
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Call option: | In whole at par quarterly beginning May 15, 2019
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Pricing date: | May 10
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Settlement date: | May 15
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Agent: | TD Securities (USA) LLC and Barclays
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Fees: | 0.65%
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Cusip: | 89114QMY1
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