By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Toronto-Dominion Bank priced $16.5 million of floating-rate notes due Feb. 10, 2025 linked to the performance of the two-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at the swap rate plus 115 basis points, with a floor of 0.1%, and is payable quarterly.
The payout at maturity will be par plus accrued interest.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Floating-rate notes
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| Underlying rate: | Two-year U.S. dollar SOFR ICE swap rate
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| Amount: | $16.5 million
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| Maturity: | Feb. 10, 2025
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| Coupon: | Underlying rate plus 115 bps, floor of 0.1%, payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus accrued interest
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 10
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| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.43667%
|
| Cusip: | 89114YNX5
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