By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Toronto-Dominion Bank priced $30 million off loating-rate notes due Jan. 18, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate will be compounded SOFR plus 105 bps subject to a minimum interest rate of 0.5%. Interest is payable quarterly.
The payout at maturity will be par.
TD Securities (USA) LLC is the agent.
| Issuer: | Toronto-Dominion Bank
|
| Issue: | Floating-rate notes
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| Amount: | $30 million
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| Maturity: | Jan. 18, 2029
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| Coupon: | SOFR plus 105 bps, floor of 0.5%; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 18
|
| Agent: | TD Securities (USA) LLC
|
| Fees: | 0.77%
|
| Cusip: | 89114XDL4
|
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