By Sarah Lizee
Olympia, Wash., July 15 – Toronto-Dominion Bank priced $10 million of callable step-up notes due July 16, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 3.1% initially, stepping up to 3.5% on July 16, 2028. Interest is payable semiannually.
The notes are callable at par on any quarterly call date starting July 16, 2021.
The payout at maturity will be par.
TD Securities (USA) LLC is the underwriter.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Callable step-up notes
|
| Amount: | $10 million
|
| Maturity: | July 16, 2031
|
| Coupon: | 3.1% initially, stepping up to 3.5% on July 16, 2028; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly starting July 16, 2021
|
| Pricing date: | July 12
|
| Settlement date: | July 16
|
| Underwriter: | TD Securities (USA) LLC
|
| Fees: | 0.95%
|
| Cusip: | 89114Q3K2
|
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