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 Autocallable Fixed Interest Barrier Notes linked to GE, LMT, NOC and RTX with a principal of $1,000 per Note. The Notes pay fixed monthly interest at an annual rate of approximately 8.00%, regardless of stock performance, unless they are automatically called.
The Notes can be called monthly starting in August 2026 if each stock is at or above 100% of its initial value, returning principal plus the due interest. If never called, principal repayment in 2028 depends on the worst-performing stock versus a 50.00% barrier of its initial value; if that stock ends below its barrier, repayment is reduced one-for-one with its decline and investors can lose their entire principal.
The Notes are unsecured senior debt of TD, not insured by U.S. or Canadian deposit insurers, will not be listed on an exchange, and have an estimated value on the pricing date expected between $895.00 and $930.00 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured callable contingent interest barrier notes linked to Salesforce and Uber common stock. Investors receive monthly contingent interest at approximately 19.40% per annum only when both stocks close at or above 60% of their initial values on observation dates.
TD can call the notes monthly 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 February 2028, any stock finishes below its 60% barrier, repayment of principal is reduced one-for-one with the worst stock’s decline and can fall to zero.
The notes are not listed, have limited liquidity, and embed issuer credit risk. The estimated value on the pricing date is expected to be $935–$970 per $1,000 note, below the public offering price, reflecting structuring, distribution, and hedging costs.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average, Nasdaq-100 and Russell 2000. The Notes pay a contingent interest rate of 10.50% per annum, but only for periods when the closing value of each index is at or above 70% of its Initial Value on the relevant observation date.
TD may, at its discretion, call the Notes quarterly starting on the third 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, on the final valuation date, any index closes below 70% of its Initial Value, investors lose 1% of principal for each 1% decline in the worst-performing index and could lose their entire investment.
The Notes are unsecured obligations of TD, will not be listed, and have an estimated value at pricing between $940 and $975 per $1,000 Note. They are treated for U.S. federal income tax purposes as prepaid derivative contracts under the issuer’s intended approach, with complex and uncertain tax consequences.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Income Securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a quarterly contingent coupon of $21.625 per $1,000 (8.65% per annum) only if each index stays at or above 65% of its initial value on every trading day in the observation period.
TD may redeem the notes early on specified dates at par plus any due coupon, regardless of index performance. If held to maturity and any index finishes below 65% of its initial value, repayment is reduced 1-to-1 with the worst index decline and can fall to zero, so principal is fully at risk. The securities are unsecured obligations subject to TD’s credit risk and will not be listed on any exchange.
The Toronto-Dominion Bank is offering unsecured senior notes linked to three U.S. equity ETFs: iShares Russell 2000 ETF, Invesco QQQ Trust and SPDR S&P 500 ETF Trust. The total offering shown is $500,000, at $1,000 principal per Note.
The Notes run about 54 weeks and may be automatically called quarterly if each ETF closes at or above its initial price, returning principal plus a contingent interest payment of $25.30 per $1,000, with missed coupons potentially paid later under a “memory” feature. If not called, investors get principal back at maturity only if each final ETF price is at least 70% of its initial level; otherwise repayment is reduced one-for-one with the decline of the worst-performing ETF, and principal can be wiped out.
The estimated value on the pricing date is $984.60 per Note, below the $1,000 offering price, and the Notes will not be listed on any exchange. Payments depend entirely on TD’s credit, and the document highlights significant risks around equity volatility, ETF tracking, liquidity, conflicts of interest and complex U.S. and Canadian tax treatment, including possible 30% U.S. withholding on contingent interest for certain non-U.S. holders.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to Micron Technology, Inc. common stock. Each Note has a $1,000 principal amount, with a total initial offering of $620,000.
The Notes pay a contingent interest at approximately 27.20% per annum, calculated and paid monthly only if, on each observation date, Micron’s closing price is at or above the Contingent Interest Barrier of $227.64 (60% of the $379.40 Initial Value). TD may call the Notes monthly starting on the sixth interest payment date, returning principal plus any due interest.
If the Notes are not called, repayment at maturity depends on Micron’s closing price on the Final Valuation Date relative to the Barrier Value of $189.70 (50% of the Initial Value. If the Final Value is at or above the Barrier, investors receive full principal (plus any due interest). If it is below, repayment is reduced 1% for each 1% Micron has fallen from the Initial Value, up to a total loss of principal. The Notes are unsecured obligations of TD, are not insured, and will not be listed. The estimated value on the pricing date is $946.60 per Note, less than the public offering price of $1,000.
The Toronto-Dominion Bank is offering unsecured Senior Debt Securities, Series H, in the form of 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 12.65% per annum, paid monthly only if on each observation date all three indices are at or above 70% of their Initial Values.
TD may, at its discretion, call the Notes monthly starting on the third interest payment date, returning the $1,000 principal per Note plus any due interest, after which no further payments occur. If the Notes are not called and on the final valuation date any index is below its 70% Barrier Value, repayment is reduced one-for-one with the worst-performing index’s decline, up to a 100% loss of principal.
The Notes are not insured, will not be listed, and all payments depend on TD’s credit. The estimated initial value on the pricing date is expected between $935 and $970 per $1,000 Note. For U.S. tax purposes, TD and investors agree to treat the Notes as prepaid derivative contracts, with contingent interest generally taxed as ordinary income.
The Toronto-Dominion Bank is offering unsecured senior Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 Indices. The Notes pay contingent interest at approximately 10.75% per annum, but only for months when each index closes at or above 70% of its initial level.
TD can call the Notes quarterly starting with the third interest date, returning the $1,000 principal per Note plus any due interest, after which no further payments occur. If the Notes are not called and any index finishes below its 70% barrier at maturity, investors lose principal on a 1:1 basis with the worst index and can lose their entire investment.
The Notes are not listed, have limited or no liquidity, and their estimated initial value is between $945 and $980 per $1,000. Payments depend on TD’s credit, and the U.S. tax treatment is complex and uncertain, with TD and investors agreeing to treat the Notes as prepaid derivative contracts for tax purposes.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to the iShares Russell 2000 ETF, Invesco QQQ Trust and SPDR S&P 500 ETF Trust.
The Notes pay contingent interest at a 9.00% per annum rate, evaluated semiannually, only if on each Contingent Interest Observation Date all three ETFs close at or above 70% of their Initial Values. Missed coupons can be paid later under the Memory Interest feature if this condition is later met.
The Notes are automatically called if on any Call Observation Date all three ETFs are at or above 100% of their Initial Values, returning the $1,000 principal plus due and unpaid interest. If not called and any ETF finishes below its 70% Barrier Value on the Final Valuation Date, investors lose principal 1-for-1 with the decline of the worst-performing ETF, up to a total loss. The estimated value on the pricing date is $940–$975 per $1,000, lower than the public offering price, and any payment is subject to TD’s credit risk.
The Toronto-Dominion Bank is issuing unsecured Callable Contingent Interest Barrier Notes with Memory Interest linked to the worst performer of Invesco QQQ and SPDR S&P 500 ETF.
The Notes pay a quarterly contingent coupon at an 8.50% per annum rate only if each ETF stays at or above 75% of its initial level on observation dates. TD can redeem the Notes quarterly, returning principal plus any due and unpaid interest.
If the Notes are not called and either ETF finishes below its 75% barrier at maturity, repayment is reduced one‑for‑one with the decline of the worst ETF, up to a total loss of principal. The Notes are not listed, are subject to TD’s credit risk, and have an estimated initial value of $945–$980 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering senior unsecured structured securities with a $1,000 face amount per security, original offering price of $1,000 and an estimated initial value between $910 and $945 per security. The notes pay a contingent monthly coupon at a per annum rate of at least 10.25% only if, on each calculation day, the lowest performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index is at or above 75% of its starting level. TD may redeem the securities quarterly, beginning about six months after issuance, at par plus any due coupon. If not redeemed, and on the final calculation day the lowest performing index is at or above 70% of its starting level, holders receive $1,000; if it is below 70%, repayment is reduced in line with the index decline, and holders can lose more than 30% and up to all principal. The securities are unsecured obligations subject to TD’s credit risk, are not insured by any government agency, will not be listed, and embed complex tax and valuation considerations.
The Toronto-Dominion Bank is offering unsecured 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 and may be automatically called on scheduled observation dates.
If on a Call Observation Date each index is at or above its Call Threshold Value (100% of its Initial Value, stepping down to 70% on the Final Valuation Date), investors receive the principal plus a Call Premium based on a 10.55% per annum Call Rate. If the Notes are never called and any index finishes below its Barrier Value (70% of its Initial Value), repayment at maturity is reduced 1% for each 1% decline in the worst-performing index, up to a total loss of principal.
The Notes pay no periodic interest, are subject to TD’s credit risk, and will not be listed on any exchange. The estimated value on the pricing date is expected to range from $950.00 to $985.00 per $1,000 Note, which is lower than the public offering price due to selling costs, hedging and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured Capped Barrier Notes linked to the iShares MSCI Emerging Markets ETF. Each Note has a $1,000 principal amount, a pricing date of February 10, 2026 and a maturity date of February 13, 2031.
At maturity, if the ETF has risen, holders receive the lesser of principal plus the percentage gain or the Maximum Redemption Amount of $2,490 per Note, capping upside at a 149% return over principal. If the ETF is at or below the initial level but at or above 75% of that level (the barrier), investors receive their full principal back.
If the final ETF value is below the 75% barrier, repayment is fully at risk: investors lose 1% of principal for each 1% decline from the initial value and can lose their entire investment. The Notes pay no interest, are unsecured obligations of TD, are not exchange-listed and any payment depends on TD’s credit. The estimated initial value is expected between $900 and $935 per $1,000, below the public offering price, reflecting fees, hedging and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Income Securities due February 17, 2028, linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. These principal-at-risk notes are issued in $1,000 denominations as Series H senior debt.
Investors may receive a $25.05 contingent quarterly coupon per $1,000 security (equivalent to 10.02% per annum) only if, on every trading day in a quarter, each index stays at or above 70% of its initial level. If any index closes below its coupon threshold even once in a quarter, no coupon is paid for that period.
TD can redeem the notes in whole on any coupon date (except the final one) at par plus any due coupon. If the notes are held to maturity and any index finishes below 70% of its initial level, repayment falls in line with the full decline of the worst index, potentially to zero. The notes are not listed and all payments depend on TD’s creditworthiness; the estimated initial value is between $935 and $970 per $1,000.
The Toronto-Dominion Bank is offering senior unsecured Notes linked to three ETFs: the iShares Russell 2000 ETF, Invesco QQQ Trust and SPDR S&P 500 ETF Trust. Each Note has a $1,000 principal amount, a minimum investment of $10,000 and a term of about 54 weeks, subject to automatic call.
Investors may receive a contingent quarterly payment of $25.30 per $1,000 if on a Review Date the closing price of each ETF is at or above its Barrier Price, set at 70% of its Initial Price. Missed payments can be recovered later through a “memory” feature if barriers are met on a subsequent Review Date.
If the Notes are called on any non-final Review Date when all ETFs are at or above their Initial Prices, TD repays principal plus the applicable contingent interest, and no further amounts are due. If the Notes are not called and on the Final Review Date each ETF is at or above its Barrier Price, TD repays the full principal plus any due and unpaid contingent interest.
If at maturity any ETF finishes below its Barrier Price, repayment is reduced one-for-one with the decline of the worst-performing ETF, and investors can lose some or all of their principal. The estimated value on the pricing date is expected to be $950–$985 per $1,000, less than the public offering price, and the Notes will not be listed on any exchange. Payments depend on TD’s creditworthiness, the product is complex, and non-U.S. investors generally face 30% U.S. withholding on contingent interest.
The Toronto-Dominion Bank is offering U.S. dollar-denominated 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 and no periodic interest payments.
The Notes can be automatically called on scheduled observation dates if each index is at or above its call threshold (100% of its initial value until maturity, then 70% of initial value). If called, investors receive $1,000 plus a call premium based on a 10.55% per annum rate, with maximum payment of $1,316.50 at final call. If never called and any index finishes below its 70% barrier, repayment is reduced 1% for each 1% decline in the worst-performing index, up to a total loss of principal. The estimated value on the pricing date is $950–$985 per $1,000 Note, and the underwriting discount is $3.50 per Note.
The Toronto-Dominion Bank is offering senior unsecured, market-linked notes tied to the lowest performing of the Nasdaq-100® Technology Sector Index, the Russell 2000® Index and the EURO STOXX 50® Index, maturing on February 14, 2029.
The notes pay a quarterly contingent coupon at a rate set on the pricing date, at least 11.55% per annum, but only if on each calculation day the lowest performing index is at or above 75% of its starting level. From August 2026 to November 2028, if the lowest index is at or above its starting level on a calculation day, the notes are automatically called at par plus that quarter’s coupon.
If never called, principal is protected at maturity only if the lowest index on the final calculation day is at or above 75% of its starting level; otherwise, repayment is $1,000 multiplied by that index’s performance factor, so investors can lose more than 25% and up to all principal. The notes are not listed, are subject to TD’s credit risk, and their estimated value on the pricing date is expected between $915 and $950 per $1,000 original offering price.
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 pay contingent interest at approximately 11.60% per annum, credited monthly only when all three indexes are at or above 75% of their initial levels.
TD can call the notes monthly starting with the sixth interest date, returning principal plus any due interest. If the notes are not called and any index finishes below its 75% barrier at maturity, repayment is reduced one-for-one with the weakest index’s decline, up to total loss of principal. The estimated value is $979.30 per $1,000 note versus a $1,000 public offering price, and the notes are not listed on any exchange.
The Toronto-Dominion Bank is offering unsecured Senior Debt Securities called Callable Contingent Interest Barrier Notes linked to the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. The Notes target an approximate 9.80% per annum contingent coupon, paid monthly only if on each observation date all three indices are at or above 75% of their initial values.
TD can, at its discretion, call the Notes in whole on monthly call dates starting with the sixth interest payment date, returning principal plus any due interest, after which no further payments are made. If the Notes are not called and any index finishes below 60% of its initial value at maturity in February 2031, investors lose 1% of principal for each 1% decline in the worst-performing index and can lose their entire investment. These Notes will not be listed on an exchange, are subject to TD’s credit risk, and have an estimated initial value between $935 and $970 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Capped Leveraged Buffered Notes linked to the worst performer of the Nasdaq-100 Index and the Nasdaq-100 Technology Sector. Each Note has a $1,000 principal amount, 125% upside leverage and a maximum redemption of $1,275 (27.5% cap).
At maturity, if both indexes finish above their initial levels, payment equals principal plus 125% of the least-performing index gain, capped at the maximum. If any index is at or below its initial value but each stays at or above 90% of its initial level, investors receive principal only.
If any index ends below 90% of its initial level, investors lose 1% of principal for each 1% decline of the worst index beyond the 10% buffer, for up to a 90% loss. The Notes pay no interest, are not listed, and all payments depend on TD’s credit. The estimated value on the pricing date is expected between $925 and $960 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. Each Note has a $1,000 principal amount and a public offering price of $1,000.
The Notes pay a contingent coupon at approximately 11.20% per annum, credited monthly only if, on each observation date, all three indexes are at or above 70% of their initial values
If the Notes are not called and, on the final valuation date, any index closes below 70% of its initial value, repayment is reduced one-for-one with the decline of the worst-performing index, up to a total loss of principal. The estimated initial value is between $935 and $970 per $1,000 Note, and the Notes will not be listed, limiting liquidity. All payments are subject to TD’s credit risk and involve 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 Nasdaq-100 Technology Sector, Russell 2000 Index and S&P 500 Index. The Notes target a contingent interest rate of approximately 9.50% per annum, paid monthly only if on each observation date every index is at or above 70% of its initial level.
TD can, at its discretion, call the Notes in whole on monthly call dates 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 any index finishes below 65% of its initial level at maturity, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose all principal.
The Notes will not be listed, are subject to TD’s credit risk, and have an estimated value on the pricing date between $915 and $950 per $1,000 issue price, reflecting structuring, distribution and hedging costs. The product includes complex U.S. and Canadian tax treatment and is not positioned for non-U.S. holders.
The Toronto-Dominion Bank is offering senior unsecured Capped Notes linked to the common stock of Marvell Technology, Inc. Each Note has a $1,000 Principal Amount, a Pricing Date of February 11, 2026, and matures on February 15, 2029.
At maturity, investors receive $1,000 if Marvell’s final stock value is at or below its initial value, and up to a Maximum Redemption Amount of $1,343 per Note if the stock has risen, based on unleveraged percentage change. The Notes pay no periodic interest, are not listed, and expose investors to TD’s credit risk. The estimated value on the pricing date is expected to be between $945 and $980 per $1,000 Note, below the public offering price, and U.S. investors are expected to be taxed under contingent payment debt instrument rules.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, with a principal amount of $10 per unit and a term of about six years if not called.
The notes may be automatically called on scheduled observation dates if the index closes at or above its starting level, paying preset call amounts that step up over time. If the notes are not called and the index ends below the threshold (100% of the starting value), investors have 1-to-1 downside exposure and can lose up to their entire principal.
The notes pay no periodic interest, are subject to TD’s credit risk, and will not be listed on an exchange. The initial estimated value is expected to range between $9.24 and $9.54 per unit, below the $10 public offering price, reflecting an underwriting discount of $0.20 per unit and a hedging-related charge of $0.05 per unit.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the least-performing of Apple and Amazon common stock. Each $1,000 Note can pay contingent interest at 9.00% per annum, paid monthly, but only when both stocks are at or above 50% of their Initial Values on the observation date.
TD may call the Notes monthly starting on the third 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 either stock finishes below 50% of its Initial Value at maturity on February 11, 2030, investors lose 1% of principal for each 1% decline in the worst-performing stock and can lose their entire investment.
The Notes are not listed on any exchange, are subject to TD’s credit risk, and their estimated initial value is expected to be $910–$945 per $1,000, below the public offering price, reflecting structuring, distribution and hedging costs.
The Toronto-Dominion Bank is offering unsecured 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 and an aggregate public offering of $9,000,000.
The notes can be automatically called on scheduled observation dates if each index is at or above its Call Threshold Value, initially set at 100% of its Initial Value and dropping to 70% (the Barrier Value) on the final observation date. If called, investors receive the principal plus a Call Premium based on a 10.45% per annum Call Rate, with Call Prices rising over time up to $1,313.50 per note at maturity.
If the notes are never called and, on the Final Valuation Date, any index finishes below its Barrier Value, repayment is reduced by the full decline of the worst-performing index, causing a loss of 1% of principal for each 1% drop, potentially down to zero. The notes pay no periodic interest, are not insured, will not be listed, carry TD credit risk, have limited liquidity, and an estimated value of $982.30 per $1,000 note on the pricing date. U.S. and Canadian tax treatment is complex and may differ from a conventional bond.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a monthly contingent coupon at a minimum annual rate of 8.40% only when all three indices are at or above 75% of their initial levels on each observation date.
TD may call the notes monthly starting with the sixth interest date, returning principal plus any due interest, after which no further payments are made. If the notes are not called and any index finishes below 70% of its initial level at maturity, repayment of principal is reduced one-for-one with the worst-performing index and investors can lose their entire investment.
The notes are senior unsecured obligations of TD, are not insured, will not be listed on an exchange and have an estimated initial value between $925 and $960 per $1,000 note, below the public offering price, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. The Notes pay a contingent coupon of at least approximately 7.30% per year, monthly, but only when all three indexes are at or above 75% of their initial levels on the relevant observation date.
TD can redeem the Notes in whole, at its discretion, on monthly call dates starting with the 12th interest payment date, paying principal plus any due interest. If the Notes are not called and, on the final valuation date, any index is below 60% of its initial level, repayment is reduced 1-for-1 with the decline of the worst-performing index, and up to the entire principal may be lost. The estimated initial economic value is between $905 and $940 per $1,000 Note, they are not listed for trading, and all payments depend on TD’s credit. For U.S. tax purposes, TD and its tax counsel view the Notes as prepaid derivative contracts with interest treated as ordinary income, though alternative treatments are possible.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100 Technology Sector, Russell 2000 Index and S&P 500 Index. Each note has a $1,000 principal amount and pays a contingent interest rate of at least approximately 9.65% per year if, on monthly observation dates, all three indices are at or above 70% of their initial levels.
TD can redeem the notes in whole 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 January 2028, any index is below 70% of its initial value, repayment is reduced one-for-one with the loss of the worst-performing index, up to a total loss of principal. The notes are unsecured obligations subject to TD’s credit risk, will not be listed on an exchange, and have an initial estimated value between $920 and $955 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a monthly contingent coupon at a per annum rate of at least approximately 10.45% if, on each observation date, all three indexes are at or above 75% of their initial levels.
TD can redeem the Notes in whole, starting on the sixth coupon date, paying the $1,000 principal per Note plus any due interest. If the Notes are not called and, on the final valuation date, any index is below 70% of its initial level, repayment is reduced one-for-one with the worst-performing index, down to a possible total loss of principal.
The Notes mature on February 17, 2028, are not listed, and all payments depend on TD’s credit. The estimated value on the pricing date is expected between $940 and $975 per $1,000 Note, below the public offering price, reflecting selling, structuring and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100 Index, EURO STOXX 50 Index and Energy Select Sector SPDR Fund (XLE), maturing in February 2029.
The Notes pay a 9.60% per annum contingent coupon, evaluated monthly, only if all three reference assets are at or above 70% of their initial level. The Notes are automatically called if, on any monthly call date starting August 2026, all three are at or above 100% of initial, returning principal plus that period’s coupon.
If never called and any final index level is below its 70% barrier, repayment of principal is reduced 1% for each 1% decline of the worst-performing asset, down to a total loss of principal. The Notes’ estimated initial value is $910–$945 per $1,000, below the public offering price, and all payments depend on TD’s credit.
The Toronto-Dominion Bank is offering senior unsecured 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 total initial issuance of $6,000,000.
The Notes may be automatically called on scheduled observation dates if each index is at or above its call threshold. Call premiums are based on an 8.90% per annum rate, with maximum payment of $1,267 per Note at the February 2029 maturity if called on the final date.
If the Notes are never called and any index finishes below its 60% barrier, investors lose 1% of principal for each 1% decline in the worst-performing index, up to a full loss. The estimated value on the pricing date is $984.40 per Note, below the $1,000 public offering price, and payments depend on TD’s credit.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. Each Note has a $1,000 principal amount, priced on February 6, 2026 and maturing on February 11, 2030, unless called earlier.
The Notes pay a contingent interest of approximately 7.00% per annum, calculated monthly as Principal Amount × Contingent Interest Rate × 1/12, but only if on each observation date all three indexes are at or above 50.00% of their initial values. TD may call the Notes monthly starting on the third interest payment date, paying principal plus any due interest. If not called and any index finishes below its 50.00% barrier, repayment is reduced 1% for each 1% decline of the worst index, up to a total loss of principal.
The Notes are unsecured obligations subject to TD’s credit risk, will not be listed, and may be hard to sell. The public offering price is $1,000 per Note, with a $14 underwriting discount and $986 in proceeds to TD. The estimated value on the pricing date is expected between $945.00 and $980.00 per Note, below the public price, reflecting structuring and hedging costs. U.S. tax treatment is expected to follow a prepaid derivative contract approach, but remains uncertain.
The Toronto-Dominion Bank plans to issue Callable Contingent Interest Barrier Notes linked to Oracle Corporation common stock. The Notes target a contingent interest rate of approximately 17.75% per year, paid monthly only when Oracle’s closing price is at or above 60% of its initial level on the observation date.
TD can redeem the Notes in whole, starting on the sixth monthly payment date, paying back the $1,000 principal per Note plus any due interest, after which no further amounts are owed. If the Notes are not called and at maturity Oracle’s price is at or above 50% of its initial level, investors receive full principal (plus any due interest). If it is below 50%, repayment is reduced 1% for each 1% Oracle has fallen from its initial value, up to a total loss of principal.
The Notes mature on August 12, 2027, are unsecured senior debt of TD, are not listed on any exchange, and depend on TD’s credit. The estimated value on the pricing date is expected between $945 and $980 per $1,000 Note, less than the public offering price, reflecting embedded costs and dealer compensation.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing on November 18, 2030. Each note has a $1,000 principal amount and pays a monthly contingent coupon at a per annum rate of at least approximately 9.55% if, on the observation date, all three indexes are at or above 75% of their initial levels.
TD can call the notes monthly starting with the twelfth 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 index is below 65% of its initial level, repayment of principal is reduced one-for-one with the percentage decline of the worst-performing index, potentially down to zero.
The notes are unsecured senior debt of TD, 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 $935 and $970 per $1,000 note, less than the public offering price, reflecting selling, structuring and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Leveraged Barrier Notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each Note has a $1,000 principal amount, with pricing and valuation dates in February 2026 and maturity in February 2031.
If every index finishes above its initial level, investors receive principal plus at least 165.65% of the least-performing index’s gain. If any index finishes at or below its initial level but all stay at or above 70% of their initial values, investors receive only their principal back. If any index closes below 70% of its initial value, repayment is reduced one-for-one with the loss of the worst index, and investors can lose their entire investment.
The Notes pay no interest, are subject to TD’s credit risk and will not be listed on an exchange. The estimated value on the pricing date is expected to be between $905 and $940 per Note, below the $1,000 public offering price, and the issuer and dealers may earn underwriting discounts and hedging-related profits. The tax treatment is complex, and the documents highlight significant U.S. and Canadian tax uncertainties and limited liquidity risk.
The Toronto-Dominion Bank is offering leveraged barrier notes linked to the least performing of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. The notes provide at least 148.95% leveraged upside on the index with the lowest percentage gain if all three finish above their initial values.
If any index closes at or below its initial value but all remain at or above 70% of initial, investors receive only their principal back. If any index finishes below 70% of its initial level, repayment is reduced one-for-one with the worst index’s decline and investors can lose their entire principal.
The notes pay no interest, are senior unsecured debt of TD, are not insured by any government agency, and will not be listed on an exchange. The estimated value at pricing is expected between $880 and $915 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering callable structured notes that pay high, but uncertain, interest linked to three equity indexes. The Notes reference the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index and mature on January 19, 2028.
Holders receive a monthly Contingent Interest Payment at a per annum rate of at least approximately 11.80% only when, on each observation date, all three indexes are at or above 70.00% of their initial levels. If any index is below its barrier, no interest is paid for that month.
TD may call the Notes monthly from 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 any index finishes below 70.00% of its initial value at maturity, investors lose principal in line with the worst-performing index, up to a 100% loss. The Notes are unsecured TD obligations, will not be listed, and their estimated initial value is between $935.00 and $970.00 per $1,000 Note.
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 indices. The Notes target a minimum ~8.05% per annum contingent interest, paid monthly only if all three indices stay at or above 75% of their initial levels on each observation date.
TD can redeem the Notes in whole on monthly call dates starting with the twelfth interest payment date, returning principal plus any due interest. If the Notes are not called and any index finishes below 70% of its initial level at maturity, repayment of principal is reduced one-for-one with the worst index’s decline and can fall to zero. The Notes are unsecured obligations subject to TD’s credit risk, are not listed on an exchange, and have an estimated value between $905.00 and $940.00 per $1,000 Note at pricing.
The Toronto-Dominion Bank is offering Performance Leveraged Upside Securities (PLUS) linked to the Energy Select Sector SPDR Fund (XLE), maturing on May 5, 2027, with an aggregate principal amount of $4,001,000 and $1,000 per note.
The PLUS pay no interest and offer 300% leveraged upside on positive fund performance, capped at a 28.50% maximum gain, for a maximum payment at maturity of $1,285 per PLUS. If the final XLE price is at or below the initial price of $51.05, investors receive $1,000 plus the underlying return, losing 1% of principal for every 1% decline, with no minimum payment and potential loss of the entire investment.
The securities are senior unsecured debt of TD, not insured by any government agency, and will not be listed on any exchange. The estimated value on the pricing date is $961.50 per PLUS, below the $1,000 issue price, reflecting fees, hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the S&P 500® Index with a principal amount of $1,000 per Note, a term of about two years, and total public offering size of $5,500,000. The Initial Level is 6,939.03 and the Barrier Level is 5,551.224, which is 80.00% of the Initial Level.
At maturity, if the Final Level (the average of five January 2028 observations) is at or above the Initial Level, investors receive principal plus the Percentage Change, capped by a Maximum Upside Return of 24.40%, or $1,244.00 per Note. If the Final Level is below the Initial Level but at or above the Barrier Level, investors earn a positive Contingent Absolute Return of 1% for each 1% decline, up to 20.00%.
If the Final Level is below the Barrier Level, repayment is reduced 1% for each 1% decline from the Initial Level, potentially down to zero, so investors can lose their entire principal. The Notes pay no interest, are not listed, and any payments depend on TD’s credit. The estimated value on the pricing date is $979.80 per Note, less than the $1,000 public offering price, reflecting selling, structuring, and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, with a principal amount of $10 per unit and a term of up to approximately six years if not called earlier.
The notes may be automatically called on scheduled yearly Observation Dates if the Index closing level is at or above the Starting Value, paying pre-set Call Amounts ranging from about $10.525–$13.750 per unit, depending on when they are called. If the notes are not called and the Index has fallen by no more than 15%, investors receive only their principal back at maturity. If the Index has fallen by more than 15%, repayment is reduced 1‑for‑1 beyond that threshold, putting up to 85% of principal at risk.
The notes pay no periodic interest, do not provide dividends from Index stocks, and all payments depend on TD’s credit. The public offering price is $10.00 per unit, while the initial estimated value is expected to be $9.25–$9.55, reflecting an underwriting discount of $0.20 per unit and a hedging-related charge of $0.05 per unit, plus TD’s internal funding and hedging costs. The notes are not insured by the CDIC, FDIC, or any other government agency and are expected to have limited secondary market liquidity with no exchange listing.
The Toronto-Dominion Bank is offering Autocallable Leveraged Index Return Notes linked to the S&P 500 Index, issued in $10 principal amount units and maturing in about three years if not called earlier.
The notes may be automatically called after roughly one year if the index level is at or above the starting value, paying a Call Amount of $10.80 per unit, an 8% return over principal. If not called, at maturity investors get leveraged upside of [110% to 130%] of any index gain, but lose principal on a 1‑to‑1 basis for index declines, up to a 100% loss.
The notes pay no periodic interest, are senior unsecured debt of TD, and all payments depend on TD’s credit. The initial estimated value is expected between $9.306 and $9.606 per unit, below the $10 public offering price, reflecting an underwriting discount of $0.20 and a hedging‑related charge of $0.05 per unit.
The Toronto-Dominion Bank is offering 1,406,730 senior unsecured Autocallable Strategic Accelerated Redemption Securities linked to the S&P 500 Index, at a public offering price of $10 per unit, for total proceeds before expenses of $13,785,954.
The notes may be automatically called on scheduled observation dates if the S&P 500 closing level is at or above the starting value of 6,969.01, paying fixed call amounts from $10.785 up to $14.710 per unit. If never called and the final index level is below the threshold value of 6,969.01, investors are exposed to 1-to-1 downside and can lose up to their entire principal. The initial estimated value is $9.711 per unit, there are no periodic interest payments, the notes are subject to TD’s credit risk, offer limited secondary liquidity, and are not insured by CDIC, FDIC or any other government agency.
The Toronto-Dominion Bank is offering 4,235,033 Capped Leveraged Index Return Notes linked to the S&P 500 Index, at $10 principal amount per unit, for total public offering proceeds of $42,350,330. The notes mature in approximately two years, on January 28, 2028.
Investors receive 2-to-1 leveraged upside exposure to the S&P 500, capped at a maximum redemption of $11.723 per unit (a 17.23% total return). If the index fall is 10% or less, principal is returned at maturity. Below a 10% decline, losses match the index on a 1-to-1 basis, with up to 90% of principal at risk.
The notes pay no periodic interest, are unsecured senior debt of TD, and all payments depend on TD’s credit. The initial estimated value is $9.693 per unit, below the $10 public offering price, reflecting underwriting discounts, a $0.05 per unit hedging charge, and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured market-linked notes tied to the worst performer among Amazon, Alphabet Class A, Microsoft and NVIDIA, maturing on February 1, 2029. Each security has a $1,000 face amount and was priced at $1,000, with total offering size of $5,929,000.
The notes pay a contingent coupon of 17.05% per annum, paid monthly only if the lowest performing stock on that calculation day is at or above 60% of its starting price. From January 2027 to December 2028, the notes are auto-callable at par plus the coupon if the lowest performer is at or above its starting price.
If not called, investors receive $1,000 at maturity only if the lowest performing stock on the final calculation day is at or above 60% of its starting price. Otherwise, repayment is reduced in proportion to that stock’s decline, with losses greater than 40% and potentially the entire principal. The notes do not participate in any stock upside or pay dividends and are subject to TD’s credit risk. The estimated value at pricing was $904.80 per security, below the offering price.
The Toronto-Dominion Bank is issuing 1,929,252 Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50 Index, at a public offering price of $10.00 per unit, for total proceeds before expenses of $18,906,669.60.
The notes may be automatically called approximately one, two or three years after pricing if the Index is at or above the Starting Value of 5,891.95, paying fixed call amounts of $11.16, $12.32 or $13.48 per unit, respectively. If the notes are never called and the Index ends below the Threshold Value, which equals the Starting Value, investors are exposed to 1-to-1 downside and can lose up to all principal. The initial estimated value is $9.712 per unit, below the public offering price, reflecting TD’s internal funding rate, underwriting discount of $0.20 per unit and a hedging-related charge of $0.05 per unit.
The Toronto-Dominion Bank is offering 3,334,101 S&P 500®-linked capped notes at $10 per unit, for total public offering proceeds of about $33.34M. The notes mature on March 29, 2027 and all payments occur at maturity.
The notes provide 1-to-1 upside to the S&P 500® Index up to a maximum redemption of $11.00 per unit, a 10% cap. If the Index ends between 92.36% and 100% of its starting level, investors receive a positive “absolute return” mirroring the Index decline. Below the 92.36% threshold, principal is exposed 1-to-1 to further losses, with up to 92.36% of principal at risk.
The initial estimated value is $9.743 per unit, below the public price, reflecting fees, hedging costs and TD’s internal funding rate. The notes are senior unsecured obligations of TD, pay no periodic interest, are not insured by CDIC or FDIC, and are expected to have limited secondary market liquidity.
The Toronto-Dominion Bank is offering $733,000 of senior unsecured Leveraged Barrier Notes linked to the least performing of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index. Each Note has a $1,000 principal amount and matures in February 2031.
The Notes provide 209.40% leveraged upside on the least performing underlier if both finish above their initial values, full principal repayment if any underlier is at or below its initial value but all remain at or above 65.00% of initial, and one-for-one downside if any finishes below its 65.00% barrier. The Notes pay no interest, are not listed, and any payment depends on TD’s credit. The estimated value is $955.50 per $1,000 Note, below the $1,000 public offering price.
The Toronto-Dominion Bank is issuing callable contingent interest barrier notes linked to the SPDR S&P 500 ETF Trust. The notes pay a 7.00% per annum contingent coupon, evaluated semiannually, only when SPY’s closing value is at or above a barrier set at 70.00% of the initial value of $694.04 (i.e., $485.828).
TD may call the notes in whole, semiannually from the first interest date until, but excluding, maturity on February 2, 2029, returning principal plus any due interest. If not called and SPY finishes below the 70.00% barrier at maturity, investors lose 1% of principal for each 1% SPY has fallen from the initial value, up to a total loss. The notes are unsecured senior debt of TD, not listed on any exchange, with a public offering price of $1,000 per note and an estimated value on the pricing date of $976.10.