Every 424B that Toronto Dominion Bank (TD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow TD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TD filings page.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to Robinhood Markets, Inc. common stock. Each Note has a $1,000 principal amount and a maturity date of August 31, 2027, unless automatically called earlier.
The Notes pay a quarterly contingent interest rate of 20.25%–23.25% per year only if Robinhood’s closing price on an observation date is at or above a barrier set at 50% of the initial share value. Missed interest can be paid later under a “memory” feature if a future observation meets the barrier.
The Notes are automatically called if on any call observation date the stock closes at or above 100% of the initial value, returning principal plus due and unpaid contingent interest, with no further payments. If not called and the final value is below the 50% barrier, investors lose 1% of principal for each 1% the stock has fallen from its initial value, up to a total loss of principal.
The Notes are unsecured obligations of TD, subject to its credit risk, are not insured$925 and $960 per $1,000 Note, below the public offering price, reflecting structuring, distribution and hedging costs. Underwriting discounts are $27.50 per Note, and the product involves complex risk, liquidity and tax considerations.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100® Technology Sector, Russell 2000® Index and S&P 500® Index. The Notes target a contingent interest rate of approximately 9.25% per annum, paid monthly only when the closing value of each index on the observation date is at or above 70% of its initial level.
TD may, at its discretion, call the Notes in whole on any monthly call payment date starting with the third interest payment date, returning principal plus any due interest and ending all future payments. If the Notes are not called and any index finishes below 65% of its initial level at maturity, repayment of principal is reduced one-for-one with the percentage decline of the worst-performing index, potentially to zero.
The Notes are senior debt securities, subject to TD’s credit risk, will not be listed on any exchange and have an estimated initial value between $920 and $955 per $1,000 principal amount, reflecting structuring and hedging costs. U.S. tax disclosure states TD intends to treat the Notes as prepaid derivative contracts with contingent interest taxed as ordinary income, while Canadian tax disclosure addresses non-resident withholding and bail-in conversion considerations.
The Toronto-Dominion Bank is offering leveraged buffered notes linked to the TOPIX index, with a $1,000 Principal Amount per Note and a term to March 2, 2028. The Notes provide 101.70% participation in any positive percentage change of TOPIX between the Initial Value and the Final Value on the February 28, 2028 Valuation Date.
If TOPIX finishes down but not more than 10% below the Initial Value, investors receive their full $1,000 Principal Amount at maturity. If the Final Value is more than 10% below the Initial Value, principal is reduced 1% for each additional 1% decline, up to a 90% loss of principal.
The Notes pay no interest, are unsecured senior debt of TD and are not insured by any governmental agency. They will not be listed on an exchange, and secondary market liquidity may be limited. The estimated value on the Pricing Date is expected between $940 and $975 per Note, below the $1,000 public offering price, reflecting structuring, distribution and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the worst performer of the Dow Jones Industrial Average®, Nikkei 225® Index and S&P 500® Index.
The Notes pay a quarterly contingent interest at an annual rate of 11.85% only if, on each observation date, the closing value of every index is at least 70% of its initial level. The Notes are automatically called if, on a call observation date, all three indices are at or above 100% of their initial levels, in which case investors receive the $1,000 principal per Note plus any due interest, and the product terminates early.
If the Notes are not called and, on the final valuation date, any index is below its 65% barrier, repayment of principal is reduced one-for-one with the decline of the worst-performing index and investors can lose all of their investment. The Notes are not listed, are subject to TD’s credit risk, and have an estimated value on the pricing date between $960 and $995 per $1,000 face amount, reflecting structuring and hedging costs. The documents also describe complex U.S. and Canadian tax treatment, generally treating the Notes as prepaid derivative contracts for U.S. holders.
The Toronto-Dominion Bank is offering senior unsecured Capped Notes linked to the common stock of Marvell Technology, Inc. The total initial offering is $760,000, in minimum investments of $1,000 per Note. Investors receive unleveraged exposure to Marvell’s share price gains, but any upside is capped.
At maturity on February 15, 2029, investors receive the higher of their $1,000 principal and equity-linked payoff, up to a Maximum Redemption Amount of $1,343 per Note. If Marvell’s Final Value is at or below the Initial Value of $81.34, investors simply receive principal back, subject to TD’s credit risk. The Notes pay no interest, are not listed, and had an estimated value of $980.30 per Note at pricing, below the $1,000 public offering price.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100 Index, Russell 2000 Index and State Street Real Estate Select Sector SPDR ETF. The Notes target an approximate 13.30% per annum contingent coupon, paid monthly only if on each observation date all three reference assets are at or above 70% of their initial values.
TD may, at its discretion, call the Notes monthly starting with the third interest payment date, returning principal plus any due interest, after which no further payments are made. If the Notes are not called and, on the final valuation date, any reference asset is below 70% of its initial value, repayment of principal is reduced one-for-one with the worst performer’s decline, up to a total loss of principal.
The Notes are senior unsecured debt of TD, subject to TD’s credit risk, will not be listed on any exchange and have complex risk characteristics, including potential non-payment of interest, reinvestment risk if called, and significant downside exposure to the least performing reference asset. The estimated value on the pricing date is expected to be between $945 and $980 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering Dual Directional Trigger PLUS, senior unsecured notes linked to the iShares Silver Trust (SLV), maturing June 3, 2027. Each Trigger PLUS has a $1,000 stated principal amount, pays no coupons and is fully exposed to TD’s credit risk.
At maturity, if the final share price of SLV is above the initial share price, investors receive $1,000 plus 200% of the fund’s positive return, capped at a maximum payment of $1,400 per note (a 40.00% gain). If the final share price is less than or equal to the initial share price but at or above 70.00% of it, investors earn an absolute, unleveraged positive return of up to 30%, despite the fund having fallen.
If the final share price falls below 70.00% of the initial level, repayment is reduced 1% for each 1% decline in SLV from the initial share price, with no minimum payment, so principal can be lost in full. The notes are not listed, do not provide exposure to SLV dividends, and their estimated value on the pricing date is expected to be between $930.00 and $945.00 per $1,000 security, reflecting embedded fees, hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. The Notes pay contingent monthly interest at a 6.90% per annum rate only when all three indices are at or above 65% of their initial levels on observation dates.
TD may call the Notes monthly starting with the twelfth interest payment date, returning principal plus any due interest. If the Notes are not called and any index finishes below 65% of its initial value at maturity, repayment is reduced 1% for each 1% decline of the worst-performing index, down to a potential total loss of principal.
Each Note has a $1,000 principal amount, with a public offering price of $1,000, an underwriting discount of up to $41.25 and proceeds to TD of at least $958.75 per Note. The estimated value on the pricing date is expected to be between $900.00 and $935.00 per Note, reflecting structuring and hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. The Notes have a Principal Amount of $1,000 per Note, with $909,000 in aggregate initially offered.
The Notes pay a monthly Contingent Interest Payment at approximately 9.80% per annum only if, on each observation date, every index is at or above its Contingent Interest Barrier Value, set at 75.00% of its Initial Value. TD may call the Notes monthly from the sixth interest payment date, returning principal plus any due interest, after which no further amounts are owed.
If the Notes are not called, principal repayment at maturity in February 2031 depends on the worst-performing index versus its 60.00% Barrier Value. If any index finishes below its Barrier Value, investors lose 1% of principal for each 1% decline in the Least Performing Reference Asset and can lose their entire investment. The estimated value is $970.80 per Note, below the $1,000 public offering price, and the Notes will not be listed, with any payments subject to TD’s credit risk.
The Toronto-Dominion Bank is issuing Capped Leveraged Buffered Notes linked to the worst performer of the Nasdaq-100 Index® (NDX) and the Nasdaq-100® Technology Sector (NDXT). Each Note has a $1,000 principal amount, prices on February 11, 2026, and matures on August 16, 2027.
The Notes offer 125.00% leveraged upside to the Least Performing Reference Asset, capped at a Maximum Redemption Amount of $1,275.00, so the maximum gain is 27.50%. A 10.00% downside buffer applies: if the Final Value of any index is at or above 90.00% of its Initial Value, investors receive principal back.
If the Final Value of any Reference Asset falls below its Buffer Value, repayment is reduced 1% for each 1% decline of the Least Performing Reference Asset beyond the 10% buffer, with losses up to 90.00% of principal possible. The issue size shown is $371,000.00, with proceeds to TD of $364,043.75.
The estimated value at pricing is $963.50 per Note, below the $1,000.00 public offering price, reflecting structuring, distribution and hedging costs. The Notes pay no interest, are unsecured senior debt of TD, not insured by any government agency, will not be listed on an exchange and are subject to complex U.S. and Canadian tax considerations.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. The Notes target a contingent interest rate of approximately 12.10% per annum, paid monthly only when each index stays at or above 75.00% of its initial level on observation dates.
TD can redeem the Notes in whole, but not in part, on monthly call dates starting with the sixth interest payment date, returning principal plus any due interest. If the Notes are not called and any index finishes below its 75.00% barrier at maturity in February 2029, repayment of principal is reduced one-for-one with the worst index decline, up to a total loss. The Notes are not principal protected, are subject to TD’s credit risk, will not be listed, and have an estimated initial value of $977.50 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank plans to issue senior unsecured Callable Contingent Income Securities maturing in February 2030, linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices. Each security has a $1,000 stated principal amount and may pay a $25.05 contingent quarterly coupon (equivalent to 10.02% per annum) if, on every trading day in a quarter, each index stays at or above 75% of its initial level.
TD can call the notes in whole, after a six‑month non‑call period, on specified quarterly dates by returning principal plus any due coupon. If held to maturity and any index finishes below 65% of its initial level, repayment is reduced one‑for‑one with the worst index’s loss and can fall to zero, so principal is fully at risk. The notes are unsecured obligations subject to TD’s credit, will not be listed on an exchange, and have an estimated value on the pricing date between $920 and $955 per $1,000 security, below the public issue price.
The Toronto-Dominion Bank is offering $4,009,000 of senior unsecured Callable Contingent Income Securities, Series H, linked to the worst performer of the Russell 2000, S&P 500 and EURO STOXX 50 indices, maturing August 14, 2028.
Investors may receive a quarterly contingent coupon of $25.15 per $1,000 security (10.06% per annum) only if, on every trading day in the quarter, each index stays at or above 70% of its initial level. TD can redeem the notes early on specified dates at par plus any due coupon. If held to maturity and any index finishes below 70% of its initial level, repayment is reduced one-for-one with the decline of the worst index, potentially to zero. All payments depend on TD’s credit, and the notes are not listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq‑100 Index, EURO STOXX 50 Index and the Energy Select Sector SPDR ETF. Each Note has a $1,000 principal amount, with a total public offering of $650,000.
The Notes pay a 9.60% per annum contingent coupon, evaluated monthly, but only if the closing value of each reference asset is at least 70% of its initial value. The notes are automatically called, and repay principal plus coupon, if on any call observation date all three assets are at or above 100% of their initial values.
If the Notes are not called and on the final valuation date any reference asset is below its 70% barrier, repayment of principal is reduced one‑for‑one with the decline of the worst‑performing asset, down to a possible full loss. The estimated value is $940.70 per $1,000 Note, reflecting structuring and hedging costs. Payments depend on TD’s credit and the Notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering unsecured Autocallable Contingent Interest Barrier Notes linked to the worst performer of Citigroup, Oracle and Walmart common stock. Each Note has a $1,000 principal amount, priced at $1,000, with an estimated value between $905 and $940.
The Notes pay a contingent coupon at approximately 23.35% per annum, paid monthly, only if on each observation date all three stocks close at or above 60% of their initial values. The Notes are automatically called, returning principal plus any coupon due, if on a call observation date all three stocks are at or above 100% of initial value.
If not called, at maturity in March 2029 investors receive full principal only if each stock’s final value is at least 50% of initial. If any is below 50%, repayment is reduced one-for-one with the worst stock’s decline, down to total loss. The Notes are not listed, involve TD credit risk and carry complex tax and liquidity considerations.
The Toronto-Dominion Bank is offering $1,133,000 principal amount of unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100 Technology Sector, Russell 2000, and S&P 500 indexes. The Notes target an approximate 11.20% annual contingent interest, paid monthly only when all three indexes stay at or above 70% of their initial values on observation dates.
TD can redeem the Notes in whole on monthly call dates starting with the sixth interest payment. If the Notes are not called and any index finishes below its 70% barrier at maturity in February 2028, repayment of principal is reduced one-for-one with the weakest index’s decline, down to a possible total loss. The Notes are not insured, will not be listed, and their estimated value at pricing was $975 per $1,000 face amount.
The Toronto-Dominion Bank is offering Contingent Interest Barrier Notes with Memory Interest linked to the least performing of Eli Lilly (LLY), Microsoft (MSFT) and Texas Instruments (TXN). These senior unsecured notes mature on February 26, 2029 and are issued in $1,000 denominations.
The notes pay a monthly contingent interest coupon at a per annum rate of at least approximately 10.25%, but only when the closing value of each stock on the observation date is at or above 50% of its initial value. Missed coupons can be paid later under a memory feature if the barrier is later met.
At maturity, if each stock’s final value is at or above 50% of its initial value, investors receive the $1,000 principal per note plus any due contingent interest. If any stock finishes below its 50% barrier, repayment is reduced one-for-one with the decline of the worst stock, and the entire principal can be lost.
The notes are not listed on any exchange and are subject to TD’s credit risk. The estimated value on the pricing date is expected between $910 and $945 per $1,000 note, lower than the public offering price, reflecting structuring, distribution and hedging costs. U.S. tax treatment is uncertain, and TD expects to treat the notes as prepaid derivative contracts.
The Toronto-Dominion Bank is offering senior unsecured Market Linked Securities linked to the lowest performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the S&P 500® Index, maturing in February 2029.
The notes pay a 10.25% per annum contingent coupon monthly only if, on the relevant calculation day, the lowest performing index is at or above its coupon threshold level, set at 75% of its starting level for each index. The Bank may redeem the securities in whole, at its option, on specified quarterly dates starting about six months after issuance, paying the $1,000 face amount per security plus any due coupon.
If not redeemed early, principal repayment at maturity depends on the final level of the lowest performing index. If that index closes at or above its downside threshold level—70% of its starting level—you receive the full face amount. If it finishes below its downside threshold, repayment is $1,000 multiplied by the index performance factor, so losses can exceed 30% and reach 100% of principal.
The original offering price is $1,000 per security, with total offering size of $5,178,000. The estimated value on the pricing date is $955.50 per security, reflecting internal funding and structuring costs. The securities are senior unsecured obligations of TD, subject to its credit risk, are not insured by Canadian or U.S. deposit insurers, and will not be listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to Amazon.com, Inc. common stock. The Notes target a contingent interest rate of 10.50%–11.50% per annum, paid quarterly only when Amazon’s closing price is at or above 70% of its initial value.
The Notes may be automatically called on quarterly dates if Amazon closes at or above 100% of its initial value, in which case investors receive the $1,000 principal plus any due interest and the product terminates. If not called and Amazon’s final value is below 70% of its initial level, holders receive a fixed “Physical Delivery Amount” of Amazon shares instead of cash, exposing them to losses in line with the stock’s decline, potentially up to 100% of principal.
The estimated value on the pricing date is expected between $930 and $965 per $1,000 Note, below the public offering price, reflecting selling costs, hedging and TD’s internal funding rate. The Notes are unsecured obligations of TD, will not be listed on any exchange, and include complex U.S. and Canadian tax considerations, with U.S. holders generally agreeing to treat them as prepaid derivative contracts.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each Note has a $1,000 principal amount and matures on February 15, 2028.
The Notes pay a contingent interest rate of approximately 10.75% per year, payable monthly, but only if on each observation date every index is at or above 70% of its initial level. If any index is below its barrier on an observation date, no interest is paid for that period.
TD can, at its discretion, call the Notes quarterly starting on the third interest payment date, returning $1,000 plus any due interest, with no further payments afterward. If the Notes are not called and on the final valuation any index is below 70% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose up to their entire principal.
The Notes are not listed, involve limited liquidity and are subject to TD’s credit risk. The estimated value on the pricing date is $982 per $1,000 Note, below the public offering price, reflecting fees, costs and hedging factors.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the least-performing of Amazon, Alphabet (Class C) and Meta shares. The notes target an annual contingent interest rate of approximately 17.65%, paid monthly only when each stock closes at or above 60% of its initial value.
TD can redeem the notes in whole, at its discretion, on monthly call dates starting with the third interest payment date, returning principal plus any due interest. If the notes are not called and any stock finishes below 50% of its initial value at final valuation in 2029, repayment is reduced one-for-one with the worst stock’s decline, up to total loss of principal. The issue price is $1,000 per note, with estimated value of $961.50 and a total offering of $2,000,000, and the notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes linked to Broadcom Inc. common stock. Each Note has a $1,000 principal amount and offers a contingent interest rate of 14.50%–15.50% per annum, paid quarterly only if Broadcom’s closing price on the observation date is at or above 55.00% of the Initial Value.
The Notes are automatically called if, on any call observation date, Broadcom’s closing value is at least 100.00% of the Initial Value; investors then receive $1,000 plus any due interest and no further payments. If the Notes are not called and Broadcom’s final value is at or above the 55.00% barrier, investors receive $1,000 per Note (plus any due interest). If the final value is below the barrier, investors receive a Physical Delivery Amount of Broadcom shares (and/or cash for fractions), whose value can be substantially below $1,000 and may be nearly worthless.
The Notes are senior unsecured obligations of TD, subject to TD’s credit risk, and are not insured by any government agency and will not be listed on an exchange. The estimated value on the pricing date is expected to be between $925.00 and $960.00 per Note, less than the public offering price, reflecting selling costs, structuring profit and hedging costs. The product has complex risk, tax and liquidity considerations, including the possibility of receiving no interest and losing up to the entire investment.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to Paycom Software, Inc. common stock. The Notes pay a contingent quarterly coupon at 15.25%–16.25% per annum only if Paycom’s closing price is at or above 75% of its initial level on each observation date.
The Notes can be automatically called quarterly if Paycom is at or above 100% of its initial level, returning principal plus any due and previously unpaid interest. If not called and Paycom finishes below 75% of its initial level at maturity, investors lose 1% of principal for each 1% decline in the stock, up to a total loss. The Notes are unsecured obligations of TD, not listed, have an estimated value of $910–$945 per $1,000 issue price, and involve complex U.S. and Canadian tax considerations.
The Toronto-Dominion Bank is offering Digital Contingent Absolute Return Buffered Notes linked to the Russell 2000 Index. The notes pay a fixed 27.60% digital return at maturity if the final index level is at or above the initial level.
If the index finishes below the initial but at or above 85.00% of it, investors earn the index’s absolute percentage decline, capped at 15.00%. Below that buffer, losses are leveraged: investors lose about 1.1765% of principal for each 1% drop beyond the 15% buffer and can lose their entire investment.
The notes mature on August 14, 2028, pay no interest, are unsecured senior debt of TD, and are not listed on any exchange. The estimated value at pricing was $993.10 per $1,000 note, versus a public offering price of $1,000, with total proceeds of $3,586,000.
The Toronto-Dominion Bank is offering Capped Barrier Notes linked to the iShares MSCI Emerging Markets ETF. Each Note has a $1,000 principal amount and offers unleveraged participation in any positive price change of the ETF, capped at a Maximum Redemption Amount of $2,490 per Note.
Holders receive $1,000 at maturity if the final ETF value is at or below the initial value but at or above 75% of that level. If the final value falls below this 75% barrier, repayment is reduced one-for-one with the ETF loss and investors can lose their entire principal. The Notes pay no interest, are unsecured senior debt subject to TD’s credit risk, and are not listed on any exchange. The preliminary estimated value on the pricing date is expected to range between $900 and $935 per Note, below the public offering price of $1,000.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to Oracle Corporation common stock, with a total public offering of $853,000 in principal amount.
The notes pay a contingent interest rate of approximately 17.75% per annum, credited monthly only if Oracle’s closing price on each observation date is at or above a barrier equal to 60.00% of the $156.59 initial value. TD may call the notes monthly starting with the sixth interest payment date, in which case investors receive principal plus any due interest.
If the notes are not called and Oracle’s final value is below a barrier equal to 50.00% of the initial value, investors lose 1% of principal for each 1% decline from the initial value and can lose their entire principal. The estimated value is $959.60 per $1,000 note, below the public offering price, and the notes are unsecured, unlisted, and fully subject to TD’s credit risk.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Russell 2000 Index, S&P 500 Index and the State Street Industrial Select Sector SPDR ETF. The Notes target an approximate 8.20% per annum contingent interest, paid monthly only when all three reference assets are at or above their respective contingent interest barriers, set at 70% of initial value.
TD may call the Notes monthly starting with the twelfth interest payment date, returning principal plus any due interest, after which no further payments occur. If the Notes are not called and any reference asset finishes below its 60% barrier at maturity on February 14, 2029, principal is reduced one-for-one with the worst performer’s decline and can be completely lost. The Notes are unsecured, not insured by any government agency, will not be listed, and feature significant market, correlation, volatility, liquidity, tax and TD credit risks.
The public offering price is $1,000 per Note, with an estimated value of $973.80 and a total public offering of $1,570,000, highlighting embedded costs and potential secondary-market discounts.
The Toronto-Dominion Bank is offering senior unsecured market-linked notes that pay a high contingent coupon but expose principal to equity index risk. These Series H securities are linked to the lowest performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the EURO STOXX 50® Index and mature on February 14, 2029, unless automatically called earlier.
The notes offer a contingent coupon of 11.55% per annum, paid quarterly only if the lowest performing index on each calculation day is at or above 75% of its starting level. From August 2026 to November 2028, if the lowest performing index is at or above its starting level on a calculation day, the notes are automatically called at $1,000 per security plus that quarter’s coupon.
If not called, investors receive $1,000 at maturity only if the lowest performing index on the final calculation day is at or above its 75% downside threshold; otherwise, repayment is reduced in line with that index’s decline, down to a total loss. The original offering price is $1,000 per security, total $500,000, with an estimated value of $954.50 per security. The securities are unsecured obligations of TD, are not insured by CDIC or FDIC, will not be listed on an exchange and involve complex tax and market risks.
The Toronto-Dominion Bank is issuing senior unsecured market-linked notes tied to the common stock of ServiceNow, Inc., maturing on February 9, 2029. These auto-callable securities pay a contingent coupon of 10.70% per annum, payable quarterly only if ServiceNow’s stock on each calculation day is at or above a coupon threshold of 60% of the starting price ($100.74, making the threshold $60.444).
The notes may be automatically called on any quarterly calculation day from May 2026 through November 2028 if the stock closes at or above the starting price, returning the $1,000 face amount plus a final coupon. If not called and at maturity the stock is below the downside threshold (also 60% of the starting price), investors lose principal in full proportion to the decline, potentially down to zero.
The estimated value at pricing was $933.20 per $1,000 note, below the original offering price, reflecting fees, hedging costs and TD’s internal funding rate. The notes are not listed, are not insured, and all payments depend on TD’s creditworthiness.
The Toronto-Dominion Bank is offering senior unsecured market-linked notes tied to the S&P 500® Index, maturing on February 19, 2031, with a face amount of $1,000 per security.
At maturity, investors get 150% of any Index gain, capped at a maximum return of at least 55.65%, for a maximum maturity payment of at least $1,556.50 per security. If the Index falls by up to 20%, principal is returned; if it falls by more than 20%, losses match the Index decline and investors can lose most or all of their principal. The notes pay no interest, are not listed, and all payments depend on TD’s credit. The estimated initial value is expected between $915 and $950 per $1,000 note, below the original offering price, reflecting fees, hedging costs and the bank’s internal funding rate.
The Toronto-Dominion Bank is issuing Callable Contingent Interest Barrier Notes linked to the worst performer among Amazon, Alphabet (GOOG) and Meta.
The Notes pay a contingent coupon at approximately 17.65% per annum, evaluated monthly. Interest is paid only if on the observation date each stock closes at or above 60% of its initial value; otherwise that month’s interest is skipped.
TD can, at its discretion, call the Notes in whole on monthly dates starting with the third interest payment date, returning the $1,000 principal per Note plus any due interest, after which no further payments are made.
If the Notes are not called and, at maturity in 2029, any stock finishes below 50% of its initial value, investors lose principal in line with the percentage drop of the worst performer, up to a total loss. Any payments depend on TD’s credit. The estimated initial value is between $930 and $965 per $1,000 Note, below the public offering price, and the Notes will not be listed, limiting liquidity.
The Toronto-Dominion Bank is offering Step Down Autocallable Barrier Notes linked to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. Each note has a $1,000 principal amount, with an initial aggregate offering of $5,000,000.
The notes can be automatically called on scheduled observation dates if all three indices are at or above their Call Threshold Values, paying back principal plus a fixed Call Premium based on a 10.55% per annum rate, up to a maximum Call Price of $1,316.50 at maturity. If the notes are never called and any index finishes below its Barrier Value (70% of its Initial Value), investors lose 1% of principal for each 1% decline in the worst-performing index, potentially losing their entire investment.
The notes pay no periodic interest, are unsecured senior debt of TD and are not insured by any deposit insurance agency. They will not be listed on an exchange. The estimated value on the pricing date was $982.10 per $1,000 note, below the public offering price, due to structuring, distribution and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the S&P 500® Index with an approximate 54‑week term and an automatic call feature. Each Note has a $1,000 principal amount and pays a contingent interest of $21.525 per $1,000, if due, on specified review dates.
Interest and principal are conditional. If on a Review Date the index is below the 80% Barrier Level of 5,438.72, no contingent interest is paid for that period, though missed amounts may be paid later under a “memory” feature. If the index is at or above the Initial Level of 6,798.40 on any non‑final Review Date, the Notes are automatically called and repay principal plus due interest.
If the Notes are not called and the Final Level is at or above the Barrier Level, investors receive only the $1,000 principal (plus any due contingent interest). If the Final Level is below the Barrier Level, repayment is reduced by the full negative index performance, potentially down to zero. The estimated value on the pricing date is $986.80 per Note, below the $1,000 public offering price. The Notes are not listed, involve TD credit risk, and have complex U.S. and Canadian tax and withholding considerations.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the least performing of three equity indexes: Nasdaq-100 Technology Sector, Russell 2000, and S&P 500. The Notes target a contingent interest rate of approximately 11.30% per annum, paid monthly only if on each observation date all three indexes are at or above 75% of their initial values.
TD may, at its discretion, call the Notes monthly starting on the sixth interest payment date, returning the $1,000 principal per Note plus any due interest, after which no further payments are owed. If the Notes are not called and, at maturity in February 2029, any index closes below 70% of its initial value, investors lose 1% of principal for each 1% decline in the worst-performing index, potentially losing their entire investment.
The Notes are senior unsecured debt of TD, subject to TD’s credit risk, are not insured by Canadian or U.S. deposit insurance, and will not be listed on an exchange. The public offering totals $3,187,000, priced at $1,000 per Note with an estimated value of $954.10 at pricing, reflecting dealer compensation, funding and hedging costs, and complex tax and liquidity considerations.
The Toronto-Dominion Bank is offering 1,011,228 STEP Income Securities linked to Apple Inc. common stock, each with a $10 principal amount and total public offering proceeds of about $10.1 million. These senior unsecured notes mature around one year and one week after issuance.
Investors receive 8.00% annual interest, paid quarterly, and may earn an extra $0.531 per unit at maturity if Apple’s ending stock price is at or above 108% of the $275.91 starting value. If Apple finishes below the starting price, principal repayment is capped at $10, and if it finishes below the $275.91 threshold value, investors take 1‑for‑1 downside exposure, potentially losing their entire principal. The initial estimated value is $9.731 per unit, below the $10 price, reflecting underwriting and hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering Digital Contingent Absolute Return Buffered Notes with Downside Leverage linked to the Russell 2000 Index. Each Note has a $1,000 principal amount and can pay a fixed 27.60% digital return (maximum $1,276) if the index finishes at or above its initial level.
The Notes provide a 15.00% downside buffer, with positive “contingent absolute” return if the index declines but stays within that buffer. Below the buffer, losses are leveraged by a downside multiplier of approximately 1.1765, and investors can lose their entire principal. The estimated value on the pricing date is expected to be $960–$995 per Note, and the Notes pay no interest and are unsecured obligations subject to TD’s credit risk.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The notes target an approximate 7.00% per annum contingent interest, paid monthly only when all three indexes stay at or above 50% of their initial levels on observation dates.
TD can redeem the notes in whole, at its discretion, on monthly call dates starting with the third interest payment date, returning principal plus any due interest. If the notes are not called and, at maturity in February 2030, any index is below 50% of its initial level, repayment of principal is reduced one-for-one with the worst index’s decline, up to a total loss.
The notes are unsecured obligations subject to TD’s credit risk, are not insured by deposit insurers, and will not be listed on any exchange. The public offering price is $1,000 per note, with an estimated value of $975.40, reflecting structuring and hedging costs and an internal TD funding rate. U.S. tax treatment is uncertain, and TD and its counsel view the notes as prepaid derivative contracts for federal income tax purposes.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100 Index, the Russell 2000 Index and the Real Estate Select Sector SPDR Fund. The notes pay contingent interest at approximately 12.20% per annum when all three underliers stay at or above 70% of their initial values on monthly observation dates.
TD may call the notes monthly starting on the third interest payment date, returning the $1,000 principal per note plus any due interest. If the notes are not called and, at maturity in February 2028, any underlier finishes below its 70% barrier, repayment of principal is reduced one-for-one with the decline of the worst-performing underlier and can fall to zero. The notes are senior unsecured TD debt, not listed on an exchange, and have an estimated initial value of $976.20 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes with Memory Interest linked to the worst performer of the Invesco QQQ and SPDR S&P 500 ETF shares.
The notes pay contingent interest at an annual rate of 8.50% only if on each quarterly observation date both ETFs close at or above 75% of their initial values ($605.75 for QQQ and $686.19 for SPY). Missed coupons can be paid later if the barriers are met.
TD may call the notes quarterly, returning the $1,000 principal per note plus any due and previously unpaid interest. If not called and, at maturity in 2029, either ETF finishes below its 75% barrier, repayment is reduced one-for-one with the decline of the worst ETF, up to a total loss of principal.
The Toronto-Dominion Bank is offering $1,150,000 of Autocallable Contingent Interest Barrier Notes linked to iShares Russell 2000 ETF, Invesco QQQ and SPDR S&P 500 ETF.
The Notes pay a 9.00% per annum contingent coupon, tested semiannually, only if all three ETFs are at or above 70% of their initial levels on the relevant observation date. A "memory" feature can repay missed coupons later if conditions are met.
The Notes can be automatically called if all ETFs are at or above 100% of initial on any call date, returning principal plus due coupons, after which no further payments are made. If not called and any ETF finishes below 70% of its initial level at maturity, repayment is reduced 1% for every 1% decline in the worst ETF, up to a total loss of principal.
The public offering price is $1,000 per Note, with an estimated value of $973.30, underwriting discount of $17.50 and proceeds to TD of $982.50 per Note. Payments depend on TD’s credit and the Notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes target a 9.00% per annum contingent coupon, paid monthly only when all three indices are at or above 70% of their initial levels on observation dates.
The notes can be automatically called monthly starting in February 2027 if all indices are at or above 100% of their initial values, in which case investors receive par plus any due interest and the product terminates early. If not called, at maturity in February 2030 investors receive full principal only if every index is at or above 60% of its initial level.
If any index finishes below 60% of its initial value, repayment is reduced one‑for‑one with the decline of the worst index, and investors can lose up to their entire principal. The notes are not principal protected, are subject to TD’s credit risk, will not be listed, and had an estimated value of $980.20 per $1,000 at pricing versus a $1,000 offering price on a total issuance of $1,400,000.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Income Securities due August 14, 2028, linked to the worst performing of the Russell 2000, S&P 500 and EURO STOXX 50 indices. Each $1,000 security can pay a quarterly contingent coupon of $25.15 (10.06% per annum) if on every trading day in the quarter each index stays at or above 70% of its initial level.
TD may redeem the notes in whole on any non-final observation period end-date, paying back the $1,000 stated principal plus any due coupon. If held to maturity and any index finishes below its 70% downside threshold, repayment is reduced 1-to-1 with the decline of the worst index and can fall to zero, so principal is fully at risk. The notes are not listed and all payments depend on TD’s credit.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices.
The Notes target an approximately 10.00% per annum contingent interest, paid monthly, but only when all three indices are at or above 75% of their initial level on the observation date. If any index is below that barrier, no interest is paid for that month.
The Notes may be automatically called quarterly from November 2026 if all three indices are at or above 100% of their initial level, returning the $1,000 principal per Note plus any due interest. If not called, at maturity in February 2030 investors receive full principal only if each index is at or above 60% of its initial level; otherwise, repayment is reduced one-for-one with the worst-performing index, up to a total loss of principal.
The Notes are senior debt securities, Series H, not bail-inable, not listed on any exchange, and subject to TD’s credit risk. The estimated initial value is expected between $945 and $980 per $1,000 Note, below the public offering price, reflecting structuring and hedging costs.
The Toronto-Dominion Bank plans to issue senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to the worst performer of Apple, Bank of America and Visa common stock. Each Note has a $1,000 principal amount and matures on August 17, 2027, unless called earlier.
The Notes pay monthly contingent interest at approximately 9.65% per annum only if, on each observation date, all three stocks are at or above 70% of their initial value. Missed coupons may be paid later under a memory feature when all are again above that barrier.
The Notes are automatically called if, on any call observation date, all three stocks are at or above 95% of initial value; investors then receive principal plus due and unpaid interest, and the product terminates. If not called, and on the final valuation any stock is below 60% of initial value, repayment of principal is reduced one-for-one with the decline of the worst-performing stock, potentially to zero.
The Notes are complex, unsecured obligations of TD, are not insured by any government agency, will not be listed, and carry significant market, issuer-credit, liquidity, valuation and tax risks. The estimated value on the pricing date is expected between $915 and $950 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. Investors receive monthly interest at approximately 12.10% per annum only if, on each observation date, all three indexes are at or above 75% of their initial levels.
TD can redeem the notes monthly starting with the sixth interest payment date, returning principal plus any due interest. If the notes are not called and any index finishes below 75% of its initial level at maturity, repayment is reduced one-for-one with the worst index’s decline, down to a possible total loss of principal. The estimated value per $1,000 note on pricing is between $945 and $980, less than the public offering price, and the notes are not listed, are subject to TD’s credit risk, and have complex U.S. and Canadian tax treatment.
The Toronto-Dominion Bank is offering Step Down Autocallable Barrier Notes linked to the least performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The notes have a $1,000 principal amount each and an aggregate public offering of $5,000,000.
The notes may be automatically called on scheduled observation dates if every index is at or above its call threshold, paying principal plus a call premium based on a 10.55% per annum call rate. If never called and any index finishes below its 70% barrier on the final valuation date, repayment is reduced 1% for each 1% decline in the worst index, up to a full loss of principal. The estimated value on the pricing date is $982.90 per note, and all payments depend on TD’s credit.
The Toronto-Dominion Bank is issuing $9,860,000 of senior unsecured Callable Contingent Income Securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.
Each $1,000 security can pay a quarterly contingent coupon of $24.75 (9.90% per annum) if, on every trading day in the quarter, each index stays at or above 70% of its initial level. If any index is below that 70% coupon threshold on any day in the quarter, no coupon is paid for that period.
TD may redeem the notes in whole on any quarterly payment date (except the final one) for $1,000 plus any due coupon. At maturity in 2028, if all indices are at or above 70% of initial, holders receive $1,000 plus any final coupon. If any index finishes below 70%, repayment is reduced 1-to-1 with the decline of the worst index and can fall to zero, so principal is fully at risk. The notes are unsecured obligations of TD, are not listed, and had an estimated value on the pricing date of $964.70 per $1,000 security.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the S&P 500® Index with a term of about 54 weeks and a $1,000 principal amount per Note. Investors may receive a contingent interest payment of $21.525 per $1,000 on each Review Date if the index is at or above a specified barrier.
The Notes are subject to an automatic call if the index is at or above the Initial Level on any non-final Review Date, in which case investors receive principal plus applicable contingent interest and no further payments. If the Notes are not called and the Final Level is below 80% of the Initial Level of 6,798.40, investors lose 1% of principal for each 1% decline and can lose their entire investment.
The barrier level is 5,438.72, and contingent interest has a “memory” feature that can pay previously missed coupons when conditions are later met. The Notes are not listed, are subject to TD’s credit risk, have complex tax treatment, and their estimated value on the pricing date is expected to be between $955.00 and $990.00 per Note, below the $1,000 public offering price.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the S&P 500 Index, with a maturity date of February 19, 2031. Each Note has a $1,000 principal amount and offers a 7.65% per annum contingent interest rate, paid monthly when the index is at or above 70% of its initial level on the relevant observation date.
TD can, at its discretion, call the Notes in whole on monthly call dates starting with the twelfth interest payment date, returning $1,000 per Note plus any due interest, after which no further payments are made. If the Notes are not called and the S&P 500 closes below 70% of its initial level on the final valuation date, investors lose 1% of principal for each 1% index decline and can lose their entire investment. The estimated initial value is expected between $950 and $985 per $1,000 Note, reflecting structuring and hedging costs, and the Notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Russell 2000® Index, S&P 500® Index and the State Street® Industrial Select Sector SPDR® ETF. Each Note has a $1,000 principal amount, with a term to February 14, 2029.
The Notes pay a monthly Contingent Interest Payment at an annual rate of approximately 8.20% only if, on the relevant observation date, the closing value of each reference asset is at or above its Contingent Interest Barrier, set at 70% of its Initial Value. TD may, at its discretion, call the Notes in whole (but not in part) on monthly call dates starting from the twelfth interest payment date, repaying principal plus any due interest.
If the Notes are not called, repayment at maturity depends on the final value of each reference asset versus its Barrier Value, set at 60% of its Initial Value. If any final value is below its Barrier Value, investors lose 1% of principal for each 1% decline in the least performing asset, up to a total loss of the $1,000 principal. The Notes are unsecured obligations of TD, not insured by any government agency, will not be listed on an exchange, and have an estimated initial value between $940 and $975 per $1,000 Note. U.S. tax disclosure indicates TD and investors agree to treat the Notes as prepaid derivative contracts, though alternative tax characterizations are possible.