By Wendy Van Sickle
Columbus, Ohio, Jan. 16 – Toronto-Dominion Bank priced $128 million of fixed-to-floating rate notes due Jan. 17, 2022 linked to Libor, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly at an annualized rate of 1.9% for the first quarter, then at a rate equal to Libor plus 22 basis points, subject to a floor of zero.
The payout at maturity will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Fixed-to-floating rate notes
|
| Underlying rate: | Libor
|
| Amount: | $128 million
|
| Maturity: | Jan. 17, 2022
|
| Coupon: | Payable quarterly at an annualized rate of 1.9% for first quarter, then equal to Libor plus 22 bps; floor of zero
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 17
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.2%
|
| Cusip: | 89114RC46
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
