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 $240,000 of Callable Contingent Interest Barrier Notes tied to the Nasdaq-100, Russell 2000 and S&P 500 indexes. These unsecured senior notes pay a contingent coupon of approximately 9.10% per annum only if, on each monthly observation date, all three indexes are at or above 75% of their initial levels.
TD can call the notes monthly starting on the twelfth interest date, repaying 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 November 2030, any index is below 65% of its initial level, investors lose 1% of principal for each 1% decline in the worst-performing index, up to a total loss.
The notes will not be listed on any exchange, are subject to TD’s credit risk, and have an estimated initial value of $962.40 per $1,000 note, lower than the public offering price. U.S. tax treatment is uncertain; TD and its tax counsel currently view the notes as prepaid derivative contracts with contingent interest taxed as ordinary income.
The Toronto-Dominion Bank is offering Capped Contingent Absolute Return Buffered Notes linked to the S&P 500® Index with a total public offering of $275,000 (at $1,000 principal per Note).
The Notes provide unleveraged upside to the index, capped at a Maximum Upside Redemption Amount of $1,282.50 per Note, which represents a maximum gain of 28.25% over principal. If the index finishes between 90.00% and 100.00% of its initial level, investors receive a positive "contingent absolute" return matching the magnitude of the index’s decline.
If the S&P 500® closes below 90.00% of its Initial Value of 6,939.03, principal is exposed beyond a 10.00% buffer and losses increase 1% for each additional 1% drop, up to a maximum loss of 90.00%. The Notes pay no interest, are unsecured senior debt of TD, will not be listed on any exchange, and all payments are subject to TD’s credit risk.
The estimated value on the pricing date was $989.80 per Note, below the $1,000 public offering price, reflecting structuring, distribution and hedging costs and TD’s internal funding rate. The U.S. federal income tax treatment is uncertain; TD and investors agree to treat the Notes as prepaid derivative contracts, but alternative characterizations could change the timing and character of income.
The Toronto-Dominion Bank is offering $250,000 of Capped Buffered Notes linked to the S&P 500 Index. Each Note has a $1,000 principal amount, matures on August 4, 2027, and provides unleveraged upside participation capped at a maximum redemption of $1,173.50 per Note, a 17.35% maximum return.
Investors receive full principal at maturity if the index finish is at or above 85% of the initial level; below that buffer, losses increase 1% for each additional 1% decline, up to an 85% loss of principal. The Notes pay no interest, are senior unsecured obligations subject to TD’s credit risk, are not insured, and will not be listed on an exchange.
The initial public offering price is $1,000 per Note, with a $2.50 underwriting discount and $997.50 in proceeds to TD. The estimated value on the pricing date was $990.70 per Note, lower than the public offering price, reflecting structuring, hedging and distribution costs. U.S. tax treatment is uncertain; TD and investors agree to treat the Notes as prepaid derivative contracts absent contrary authority.
The Toronto-Dominion Bank is issuing callable contingent interest barrier notes linked to the SPDR S&P 500 ETF Trust. Each note has a $1,000 principal amount, a contingent interest rate of 6.00% per annum, and a semiannual observation schedule.
Interest is paid only if SPY’s closing value on an observation date is at or above the contingent interest barrier of $416.424, equal to 60% of the $694.04 initial value. TD may call the notes semiannually, paying principal plus any due interest, after which no further amounts are owed.
If the notes are not called and SPY’s final value on the January 30, 2029 valuation date is below the 60% barrier, 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, and have an estimated value of $977.20 per $1,000 issue price, reflecting fees, hedging and TD’s internal funding rate.
The Toronto-Dominion Bank is issuing Capped Leveraged Contingent Absolute Return Buffered Notes linked to United Parcel Service, Inc. common stock. Each Note has a $1,000 principal amount and offers 500.00% leveraged upside on any increase in UPS stock, capped at a Maximum Upside Redemption Amount of $1,470.00.
If UPS falls but finishes at or above 90.00% of the Initial Value, investors receive a positive “contingent absolute” return up to 10.00%. If UPS closes below the $95.598 Buffer Value, holders receive about 10.4605 UPS shares per Note, exposing them to further loss, up to total loss of principal.
The Notes are unsecured senior debt of TD, not listed on any exchange, and the estimated value at pricing was $934.60 per $1,000 Note, below the public offering price. Extensive risk, liquidity and tax disclosures apply.
The Toronto-Dominion Bank is offering Capped Buffered Notes linked to the Russell 2000 Index, maturing on May 5, 2027. Each Note has a $1,000 principal amount and provides unleveraged upside exposure to the index, capped at a Maximum Redemption Amount of $1,169.50, equal to a maximum return of 16.95%.
The Notes offer a 20.00% downside buffer: investors receive full principal back if the index finish level is at or above 80.00% of the Initial Value. Below that level, losses increase 1% for each additional 1% decline, up to a maximum loss of 80.00% of principal. The Initial Value is 2,613.743 and the Buffer Value is 2,090.9944.
The public offering price is $1,000 per Note, including a $2.50 underwriting discount, for initial total proceeds of $249,375.00 to TD on a $250,000.00 issuance. The issuer’s estimated value at pricing was $994.20 per Note, reflecting internal funding and structuring costs. The Notes pay no interest, are unsecured senior debt subject to TD’s credit risk, will not be listed on any exchange, and feature complex tax and liquidity considerations highlighted in detailed risk and tax sections.
The Toronto-Dominion Bank is offering 4,351,787 senior unsecured notes linked to the S&P 500® Index at $10.00 principal amount per unit, for a total public offering price of $43,517,870.00.
The notes are automatically callable after roughly one, two, or three years if the Index is at or above the 6,969.01 Starting Value, paying $10.896, $11.792, or $12.688 per unit, respectively. If never called and the Index finishes below the 6,969.01 Threshold Value, investors have 1-to-1 downside exposure and can lose up to all principal.
The initial estimated value is $9.746 per unit, below the $10.00 offering price, reflecting internal funding and hedging costs, including a $0.20 underwriting discount and $0.05 hedging-related charge per unit. The notes pay no periodic interest, are subject to TD’s credit risk, and are not listed, so secondary market liquidity may be limited.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, in an initial aggregate principal amount of $881,000.
The Notes pay a monthly contingent interest at approximately 7.75% per annum only if on each observation date every index is at or above its barrier set at 75% of its initial level. TD may, at its discretion, call the Notes monthly starting with the 12th interest 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 its 70% barrier, repayment of principal is reduced one-for-one with the worst index’s decline, and investors can lose up to their entire investment. The Notes are unsecured TD senior debt, not listed on any exchange, and had an estimated value at pricing of $934.80 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500. Investors receive monthly interest at an annual rate of approximately 6.95% only when all three indexes are at or above 75% of their initial level on each observation date.
TD can redeem the notes in whole, starting on the twelfth interest payment date, paying back principal plus any due interest, after which no further amounts are owed. If the notes are not called and any index finishes below 60% of its initial value at final valuation, repayment is reduced one-for-one with the worst index’s decline, up to a full loss of principal.
The notes mature in February 2031, are not listed on any exchange, and carry TD’s senior unsecured credit risk. The public offering price is $1,000 per note; total initial offering is $107,000, with estimated value of $929.80 per note, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is issuing Callable Contingent Interest Barrier Notes linked to three equity indexes: the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. Each Note has a $1,000 principal amount and matures on January 4, 2028, unless TD calls it earlier.
The Notes pay monthly contingent interest at approximately 8.90% per annum only when on each observation date all three indexes are at or above 70.00% of their initial values. TD can redeem the Notes in whole, but not in part, on monthly call dates, paying $1,000 per Note plus any due interest.
If the Notes are not called and, on the final valuation date, any index closes below 70.00% of its initial value, repayment of principal is reduced one-for-one with the worst-performing index, potentially down to zero. The deal size is $1,752,000, and the estimated value at pricing was $946.10 per Note, below the $1,000 public offering price. Payments depend on TD’s credit, and the Notes are unsecured, unlisted and involve complex risks and tax treatment.
The Toronto-Dominion Bank is offering senior 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, in $1,000 denominations with a total initial offering of $90,000.
The Notes pay contingent interest at a 10.95% per annum rate, credited monthly only if on each observation date all three indexes are at or above 70% of their Initial Values. TD can call the Notes monthly starting with the third interest payment date, returning principal plus any due interest.
If the Notes are not called and any index finishes below its 70% barrier on the final valuation date, repayment is reduced 1-for-1 with the decline of the worst-performing index, down to a possible total loss of principal. The Notes are not listed, carry TD credit risk, and had an estimated value of $964.20 per $1,000 at pricing, below the public offering price.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. The Notes pay a quarterly contingent coupon at a 10.05% per annum rate only if each index stays at or above 70% of its initial level on the observation date.
TD can call the Notes quarterly from the second payment date, returning the $1,000 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, investors lose principal on a 1-for-1 basis with the worst-performing index and can lose their entire investment. The Notes are unsecured senior debt subject to TD’s credit risk, will not be listed, and were priced at $1,000 per Note with an estimated value of $982.50 and total public offering of $1,527,000.
The Toronto-Dominion Bank is offering $1,000,000 of unsecured senior notes linked to the Nasdaq-100 Index®, in $1,000 denominations. The approximately 54-week notes can be automatically called on quarterly review dates if the index closes at or above the initial level.
Holders receive a $20.00 contingent interest payment per $1,000 when the index is at or above a barrier set at 71.10% of the initial level, with a “memory” feature that can repay previously missed coupons. If the notes are not called and the final index level is below the barrier, principal loss matches the index decline and can reach 100%.
The estimated value on the pricing date is $986.80 per $1,000 note, below the public offering price due to selling, structuring and hedging costs. The notes are not principal-protected, are subject to TD’s credit risk, will not be listed on an exchange and may trade, if at all, at a significant discount in the secondary market.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, in an aggregate principal amount of $927,000. Each Note has a $1,000 principal amount and matures on February 3, 2028.
The Notes pay a contingent coupon at an annual rate of approximately 8.20%, calculated monthly, but only if on each observation date all three indices are at or above 75% of their initial values. TD may call the Notes monthly starting with the sixth interest date, returning principal plus any due interest. At maturity, if not called, investors receive full principal only if every index is at or above 70% of its initial value; otherwise repayment is reduced 1% for each 1% decline in the worst-performing index, potentially to zero.
The Notes are not listed, are subject to TD’s credit risk, and have an estimated value of $955.50 per $1,000 at pricing, below the public offering price due to selling, structuring and hedging costs. The documentation highlights complex risk, market, liquidity and tax considerations, including treatment as prepaid derivative contracts for U.S. federal income tax purposes.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the least performing of Apple, Amazon and NVIDIA common stock. Each $1,000 Note pays a contingent coupon at an annual rate of approximately 13.85% if, on monthly observation dates, all three shares close at or above 60% of their initial values.
The Notes are automatically called, and repay principal plus any due interest, if on any call observation date all three stocks are at or above 100% of their initial values. If not called, principal repayment at maturity depends on the worst performer versus a 50% barrier; if any stock finishes below 50% of its initial value, losses match the full decline of the worst stock, up to a total loss of principal. The estimated value is $924.60 per $1,000 Note, they are complex, unsecured, not listed, and pay no dividends from the underlying shares.
The Toronto-Dominion Bank is issuing senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500, with a total public offering of $119,000 and a principal amount of $1,000 per Note.
The Notes pay a contingent interest rate of 10.20% per annum, credited monthly only if all three indices stay at or above 75% of their initial values on the observation date. TD can call the Notes monthly starting on the sixth interest date, returning principal plus any due interest and ending the investment early. If the Notes are not called and any index finishes below 70% of its initial value at final valuation in February 2028, repayment is reduced one-for-one with the worst index’s decline, and investors can lose up to their entire principal. The Notes are unsecured TD obligations, are not insured, will not be listed, and had an estimated value of $973.20 per $1,000 at pricing.
The Toronto-Dominion Bank is issuing Capped Contingent Absolute Return Buffered Notes linked to the S&P 500® Index, with a $1,000 principal per Note and a maximum redemption of $1,251.50 (25.15% maximum gain).
The Notes offer full participation in index gains up to the cap and a 25% downside buffer; if the index finishes between 75% and 100% of its initial level, investors receive a positive “contingent absolute” return. Below 75% of the initial level, principal losses increase 1% for each additional 1% index decline, up to a 75% loss. The Notes pay no interest, are unsecured obligations subject to TD’s credit risk, and will not be listed. The initial offering totals $1,118,000, with an estimated value of $982 per $1,000 Note.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of three ETFs: iShares Russell 2000, Invesco QQQ and SPDR S&P 500.
The Notes pay a contingent interest rate of 11.25% per annum, evaluated quarterly. A payment is made only if, on each observation date, the closing value of each ETF is at least 70% of its Initial Value. If any ETF is below its barrier on that date, no interest is paid for that quarter.
TD may, at its discretion, call the Notes in whole on any quarterly payment date (other than maturity). If called, investors receive the $1,000 principal per Note plus any due interest, and the product terminates.
If the Notes are not called, principal repayment at the February 3, 2028 maturity depends on the worst ETF. If the final value of every ETF is at least 70% of its Initial Value, investors receive full principal. If any ETF finishes below 70%, repayment is reduced one-for-one with the percentage decline of the worst performer, potentially down to zero.
The Notes are subject to TD’s credit risk, will not be listed on an exchange, and may have limited liquidity. The public offering price is $1,000 per Note, with total initial offering of $1,380,000 and underwriting discount of $5 per Note. The estimated value on the pricing date was $987.20 per Note, lower than the public price, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is offering principal-at-risk callable contingent income securities linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500. Each $1,000 security can pay a quarterly coupon of $24.75 (9.90% per annum) only if, on every trading day in that quarter, all three indices stay at or above 70% of their initial levels.
If TD calls the notes early, investors receive $1,000 plus any due coupon and no further payments. If held to maturity and any index ends below 70% of its initial value, repayment is reduced 1-for-1 with the worst index’s loss and can fall to zero. The estimated initial value is between $935 and $970 per $1,000, and all payments depend on TD’s credit.
The Toronto-Dominion Bank is offering $1,015,000 of Callable Contingent Interest Barrier Notes linked to the Nasdaq-100 Technology Sector, Russell 2000 Index and S&P 500 Index. These senior unsecured notes pay a contingent coupon of approximately 9.95% per annum, but only when all three indexes are at or above 75% of their initial levels on monthly observation dates.
TD can redeem 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 60% of its initial level at maturity in November 2030, investors lose principal in line with the worst index and can lose the entire $1,000 per note. The notes are not listed, carry TD’s credit risk, and their initial estimated value is $950.80 per $1,000, below the public offering price.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes, in a $699,000 issuance priced at $1,000 per Note. The Notes pay an annual contingent interest rate of approximately 11.45%, but only if all three indexes stay at or above 70.00% of their initial values on monthly observation dates.
TD can redeem the Notes early, in whole only, on monthly call dates starting with the third interest payment, returning principal plus any due interest. If the Notes are not called and any index finishes below its 70% barrier, investors lose principal in line with the worst-performing index, up to a total loss. The Notes are unsecured TD obligations, are not insured, will not be listed on an exchange, and the initial estimated value of $989.60 per Note is below the $1,000 public offering price.
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 may be automatically called on scheduled observation dates.
The Notes pay a fixed Call Premium if, on a Call Observation Date, the closing value of each index is at or above its Call Threshold Value, starting at a Call Price of $1,089 per Note in February 2027 and rising to $1,267 at the Final Valuation Date, based on an 8.90% per annum Call Rate. On the Final Valuation Date, the Call Threshold Value steps down to each index’s Barrier Value, set at 60.00% of its Initial Value.
If the Notes are not called and the Final Value of any index is below its Barrier Value, investors receive $1,000 plus $1,000 times the Least Performing Percentage Change and can lose up to their entire principal. The Notes pay no interest, are unsecured senior debt of TD, will not be listed, and all payments are subject to TD’s credit risk. The estimated value on the pricing date is between $950.00 and $985.00 per Note, below the public offering price of $1,000.00.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the Nasdaq-100 Index® with a principal amount of $1,000 per Note and a term of about 54 weeks, subject to automatic call. Investors may receive contingent interest payments of $20.00 per $1,000 Note on scheduled payment dates if the index closes at or above a barrier level of 18,403.7302, which is 71.10% of the initial level of 25,884.29.
If the Notes are not called and the final index level is below the barrier, repayment of principal is reduced 1% for each 1% decline from the initial level, down to a possible total loss. The Notes are not listed, are subject to TD’s credit risk, and have an estimated value on the pricing date between $955.00 and $990.00 per $1,000, less than the public offering price.
The Toronto-Dominion Bank is offering senior unsecured Step Down Autocallable Barrier Notes linked to the worst performer of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, each with a $1,000 principal amount.
The notes can be automatically called on scheduled observation dates if all three indices are at or above their call threshold, paying back principal plus a call premium based on a 10.45% per annum rate, up to a maximum call price of $1,313.50 at final maturity. If the notes are never called and any index finishes below its 70% barrier on the final valuation date, investors lose 1% of principal for each 1% decline in the worst-performing index and could lose the entire principal.
The notes pay no periodic interest, are subject to TD’s credit risk, will not be listed on an exchange, and have an estimated value on the pricing date between $950.00 and $985.00 per note, below the public offering price of $1,000.00.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100, Russell 2000 and the Real Estate Select Sector SPDR Fund. The notes target a contingent interest rate of approximately 12.20% per year, paid monthly only if all three underlyings stay at or above 70% of their initial values on each observation date.
TD can redeem the notes monthly, starting with the third interest date, returning principal plus any due interest and ending all future payments. If the notes are not called and any underlying finishes below its 70% barrier at maturity in February 2028, repayment of principal is reduced one-for-one with the worst-performing underlying and can fall to zero.
The notes are unsecured senior debt of TD, not insured by any government agency, will not be listed on an exchange, and may have limited or no secondary liquidity. The estimated value on the pricing date is expected between $950 and $985 per $1,000 note, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes target a contingent interest rate of approximately 11.60% per annum, paid monthly only when each index is at or above 75% of its Initial Value on the observation date.
TD may, at its discretion, call the notes in whole on any monthly call date starting with the sixth interest payment date, returning the $1,000 principal per note plus any due interest. If the notes are not called and any index finishes below 75% of its Initial Value at maturity on February 8, 2029, investors lose 1% of principal for each 1% decline in the worst-performing index and can lose the entire principal.
The notes are unsecured obligations subject to TD’s credit risk, will not be listed on any exchange, and have an estimated value at pricing of $950.00 to $985.00 per $1,000 note, below the public offering price. The U.S. tax treatment is uncertain; TD and its tax counsel intend to treat the notes as prepaid derivative contracts for U.S. federal income tax purposes.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the SPDR S&P 500 ETF Trust. The Notes target a 6.00% per annum contingent interest rate, paid semiannually only when the ETF’s closing value is at or above a barrier set at 60.00% of the initial value.
TD may, at its discretion, call the Notes in whole on any semiannual call 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, the ETF has fallen below the 60% barrier, repayment of principal is reduced one-for-one with the ETF’s percentage decline, potentially down to zero.
The Notes are senior unsecured debt of TD, subject to its credit risk, and will not be listed on any exchange. The estimated value on the pricing date is expected to be between $945.00 and $980.00 per $1,000 principal amount, reflecting structuring and hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500. The Notes pay a contingent interest rate of 9.00% per annum, paid monthly only if each index stays at or above 70.00% of its initial level on the observation date.
The Notes can be automatically called monthly starting in 2027 if all three indices are at or above 100.00% of their initial values, returning the $1,000 principal plus any due interest. If not called and any index finishes below 60.00% of its initial level at maturity in 2030, investors lose principal in line with the worst-performing index and can lose their entire investment. The Notes are senior unsecured TD debt, not insured deposits, with an estimated value of $950.00–$985.00 per $1,000 at pricing.
The Toronto-Dominion Bank is offering senior unsecured structured Notes linked to the S&P 500 Index, with a principal amount of $1,000 per Note, a minimum investment of $10,000 and an expected term of about 2 years.
At maturity, if the Final Level is at or above the Initial Level, investors receive principal plus the Percentage Change, capped by a Maximum Upside Return of at least 24.40%. If the Final Level is below the Initial Level but at or above 80% of the Initial Level (the Barrier Level), investors earn a positive Contingent Absolute Return of up to 20.00%. If the Final Level is below the Barrier Level, repayment of principal is reduced one-for-one with the negative Percentage Change, up to a total loss.
The Final Level is the arithmetic average of five specified dates near maturity, so single-day moves are smoothed. The Notes pay no interest, are not listed on any exchange, and any payments depend on TD’s credit. The estimated value on the pricing date is expected to be between $945.00 and $985.00 per $1,000 Note, less than the public offering price of $1,000.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the SPDR S&P 500 ETF (SPY). The Notes have a Principal Amount of $1,000 per Note, a term to February 2, 2029, and pay a 7.00% per annum contingent interest, calculated and paid semiannually, only when SPY’s closing value is at or above a barrier set at 70.00% of the Initial Value ($485.828).
TD may elect to call the Notes in whole on any semiannual Call Payment Date, paying principal plus any due contingent interest, after which no further payments are owed. If the Notes are not called and SPY’s Final Value is at or above the same 70.00% barrier, investors receive full principal back (plus any contingent interest). If the Final Value is below the barrier, repayment is reduced 1% for each 1% SPY has fallen from the Initial Value, down to a possible total loss of principal.
The Notes are unsecured obligations subject to TD’s credit risk, are not insured by any deposit insurer, and will not be listed on an exchange. The estimated value on the pricing date is expected to be between $945.00 and $980.00 per $1,000 Note, reflecting structuring, distribution and hedging costs, and secondary market prices, if any, are expected to be lower than 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, Russell 2000® Index and S&P 500® Index. Each Note has a $1,000 principal amount and matures on February 9, 2029, unless called earlier.
The Notes pay contingent monthly interest at approximately 11.30% per annum only if, on each observation date, every index is at or above 75% of its initial level. TD can redeem the Notes monthly from the sixth interest date at par plus any due interest. At maturity, if any index finishes below 70% of its initial level, repayment is reduced 1% for each 1% decline in the worst index, creating potential for total principal loss.
The estimated value on the pricing date is expected between $930 and $965 per $1,000 Note, below the $1,000 public offering price. Payments depend on TD’s credit and the Notes will not be listed on an exchange.
The Toronto-Dominion Bank is offering Trigger Performance Leveraged Upside Securities (“Trigger PLUS”), senior unsecured notes linked to the S&P 500® Index, maturing on March 3, 2032.
Each Trigger PLUS has a $1,000 stated principal amount, pays no coupons, and offers 127.10% leveraged upside when the final index value is above the initial index value, subject to a 75.00% maximum gain and $1,750 maximum payment at maturity.
If the final index value is at or below the initial index value but at or above 85.00% of the initial value (the trigger level), investors receive only the principal. If it is below the trigger level, repayment is reduced one-for-one with index losses, and investors can lose their entire investment.
The notes are senior unsecured obligations of TD, not insured by any government agency and will not be listed on any exchange. The estimated value on the pricing date is expected between $915.00 and $950.00 per note, reflecting embedded fees, hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering autocallable Leveraged Index Return Notes linked to the Russell 2000® Index, at $10 principal amount per unit and a term of about three years if not called early.
The notes may be automatically called after roughly one year at a Call Amount of $11.00 per unit (a 10% return) if the index level is at or above its starting level on the Observation Date. If not called, at maturity investors get leveraged upside of [150%–170%] of any index increase, but incur one‑for‑one losses if the index ends below the starting level, with up to 100% of principal at risk.
The notes pay no periodic interest, have limited secondary market liquidity, and all payments depend on TD’s credit. The public offering price is $10.00, including a $0.20 underwriting discount and a $0.05 per unit hedging-related charge. The initial estimated value is expected between $9.269 and $9.569 per unit.
The Toronto-Dominion Bank is offering leveraged barrier notes linked to the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF. Each $1,000 note runs from the February 20, 2026 pricing date to a February 23, 2029 maturity.
The notes provide 170.10% participation in the least performing ETF’s positive return if both final values exceed their initial values. If any ETF ends at or below its initial value but at or above 80.00% of its initial value, investors receive only their $1,000 principal.
If any ETF finishes below 80.00% of its initial value, repayment is reduced one-for-one with the least performer’s decline, down to a possible full loss of principal. The notes pay no interest, are unsecured TD obligations, will not be listed, and their estimated value at pricing is expected between $925.00 and $960.00 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to Micron Technology, Inc. stock. Each Note has a $1,000 principal amount and may pay contingent interest at approximately 27.20% per annum, but only for months when Micron’s closing price is at or above 60% of its initial value.
TD can, at its discretion, call the Notes in whole on monthly dates starting with the sixth interest payment date, returning principal plus any due interest and ending the investment early. If the Notes are not called and Micron’s final value on the August 9, 2027 maturity test date is below 50% of the initial value, investors lose 1% of principal for each 1% decline and could lose the entire amount.
The Notes will not be listed, have limited liquidity, and all payments depend on TD’s credit. 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 costs, structuring profit and hedging expenses. U.S. tax treatment is uncertain; TD and investors agree to treat the Notes as prepaid derivative contracts, with contingent interest taxed as ordinary income.
The Toronto-Dominion Bank is offering Performance Leveraged Upside Securities (PLUS), senior unsecured Series H notes linked to the Russell 2000® Index, maturing on June 3, 2027. Each PLUS has a stated principal amount of $1,000 and pays no interest.
At maturity, if the final index value is above the initial index value, investors receive $1,000 plus 300% of the index gain, capped at a maximum payment of $1,210.60 per note (a 21.06% maximum gain). If the final index value is below the initial index value, investors lose 1% of principal for each 1% index decline and can lose their entire investment.
All payments depend on TD’s credit; the notes are unsecured, not bail-inable, and will not be listed on any exchange. The estimated value on the pricing date is expected between $940 and $975 per $1,000 note, reflecting TD’s internal funding rate and fees including a $22.50 per note sales and structuring commission.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least-performing of three U.S. equity ETFs: an iShares Russell 2000 ETF, Invesco QQQ and SPDR S&P 500 ETF Trust. Each Note has a $1,000 principal amount, is issued in U.S. dollars on February 3, 2026, and matures on February 3, 2028, unless called earlier.
The Notes pay a quarterly contingent coupon at an annual rate of 11.25% only if, on each observation date, the closing value of every ETF is at or above its contingent interest barrier, set at 70% of its initial value. TD may, at its discretion, redeem all Notes on any quarterly call date, paying principal plus any due contingent interest, after which no further payments are made.
If the Notes are not called and, on the final valuation date, any ETF finishes below its 70% barrier, repayment of principal is reduced one-for-one with the percentage decline of the worst-performing ETF, down to a possible total loss. The estimated value on the pricing date is expected between $955 and $990 per Note, below the $1,000 public offering price. Payments depend on TD’s credit and the Notes will not be listed for trading.
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, with a total public offering of $6,325,000.00 (Principal Amount $1,000 per Note).
The Notes pay a contingent coupon at approximately 10.15% per annum, payable monthly only if on each observation date all three indexes are at or above 70% of their Initial Values. TD may call the Notes monthly from the third interest payment date, repaying principal plus any due interest.
If the Notes are not called and any index finishes below 55% of its Initial Value at maturity on February 1, 2029, repayment is reduced 1% for each 1% decline in the worst-performing index, up to a total loss of principal. The Notes are subject to TD’s credit risk, will not be listed on any exchange, and have an initial estimated value of $976.10 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering $410,000 of senior unsecured Autocallable Contingent Interest Barrier Notes linked to the least performing of Amazon, NVIDIA and Tesla common stock.
The Notes pay a contingent interest at approximately 19.85% per annum, but only if on each monthly observation date all three stocks are at or above 50% of their initial values. The Notes are automatically called if, on specified call dates, each stock is at or above 100% of its initial value, returning principal plus any due interest.
If not called and any stock finishes below its 50% barrier on the final valuation date, investors lose 1% of principal for each 1% that the worst-performing stock has fallen, up to a total loss. The estimated value is $952.50 per $1,000 Note, the Notes are not listed, and all payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is offering $712,000 of Callable Contingent Interest Barrier Notes linked to the S&P 500 Index. The notes target a contingent interest rate of approximately 7.30% per year, paid monthly only when the index closes at or above 70.00% of its initial level of 6,978.03 (a barrier of 4,884.621).
TD can call the notes quarterly starting on the twelfth interest payment date; if called, investors receive $1,000 per note plus any due interest. If the notes are not called and the index finishes below the 70.00% barrier at maturity in January 2031, repayment of principal is reduced one-for-one with the S&P 500’s decline, down to a possible total loss.
The notes are senior unsecured TD obligations, not insured deposits, will not be listed on an exchange, and have an estimated initial value of $978.20 per $1,000 note, below the public offering price due to fees, hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is issuing senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and EURO STOXX 50.
The Notes pay a contingent coupon at a 9.20% per annum rate, but only for quarters when each index closes at or above its Contingent Interest Barrier, set at 55% of its Initial Value. If any index is below its barrier on an observation date, no interest is paid for that period.
TD may call the Notes quarterly at par plus any due interest, stopping all future payments. If the Notes are not called and, at maturity in February 2029, any index is below its 55% Barrier Value, investors lose principal in line with the worst index’s percentage decline and can lose their entire investment. The Notes’ public offering price is $1,000 per Note, with estimated value of $984 and a total offering of $1,965,000, and they will not be listed on an exchange.
The Toronto-Dominion Bank is issuing senior unsecured notes linked to the Invesco QQQ Trust, Series 1. Each Note has a $10,000 principal amount, with a minimum investment of $10,000 and increments of $10,000.
The term is about two years, with an automatic call on February 5, 2027 if QQQ’s closing price is at or above the Call Price of $622.72. In that case, investors receive $10,890 per Note, reflecting an 8.90% Call Premium, and the Notes terminate early.
If not called, payment on January 27, 2028 depends on QQQ’s final price. If the Final Price is at or above the Initial Price of $622.72, or between the Buffer Price of $529.312 (85% of Initial) and the Initial Price, investors receive principal plus a 17.80% Digital Return. If the Final Price is below the Buffer Price, investors receive 18.8924 QQQ shares per Note, whose value will be less than principal and can result in up to a 100% loss, with losses of about 1.1765% for each 1% drop beyond the 15% buffer.
The estimated value on the pricing date is $9,872 per Note, below the $10,000 public offering price, reflecting structuring, distribution and hedging costs. The Notes pay no interest, are subject to TD’s credit risk, will not be listed on an exchange, and may have limited or no secondary market liquidity. The total initial offering is $2,050,000 in Notes, with underwriting discounts of $30,750 and proceeds to TD of $2,019,250.
The Toronto-Dominion Bank is offering 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 approximately 11.45% per annum only if on each observation date all three indexes are at or above 70% of their initial levels. TD may call the Notes monthly starting with the third interest payment date, returning principal plus any due interest and ending all further payments.
If the Notes are not called and on the final valuation date any index is below 70% of its initial level, repayment of principal is reduced 1-for-1 with the worst-performing index and investors can lose up to 100% of principal. The Notes are not insured, will not be listed, have an estimated value of $955–$990 per $1,000 Note, and involve complex risks and uncertain tax treatment.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes tied to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each Note has a $1,000 principal amount and matures on February 2, 2029, unless TD calls it earlier.
The Notes pay a 10.05% per annum contingent coupon, evaluated quarterly. A coupon is paid only if on the observation date each index is at least 70% of its initial level; otherwise no interest is paid for that period. TD may redeem the Notes in whole, quarterly from the second payment date, at par plus any due coupon.
At maturity, if not called, investors receive $1,000 per Note only if each index is at or above 65% of its initial level. If any index finishes below 65%, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose their entire principal. The Notes are not listed, are subject to TD’s credit risk, and have an estimated initial value between $950 and $985 per $1,000 Note.
The Toronto-Dominion Bank is offering senior unsecured Leveraged Barrier Notes linked to the worst performer of the iShares MSCI EAFE ETF and the EURO STOXX 50 Index. Each Note has a $1,000 principal amount, a Leverage Factor of 209.40% and matures on February 4, 2031.
If the Final Value of each reference asset is above its Initial Value, holders receive $1,000 plus 209.40% of the Least Performing Percentage Change. If any Final Value is at or below its Initial Value but all are at or above 65.00% of Initial Value (the Barrier Value), investors receive only the $1,000 principal.
If the Final Value of any reference asset is below its Barrier Value, repayment is reduced dollar-for-dollar with the Least Performing Percentage Change, and investors can lose up to their entire principal. The Notes pay no periodic interest, are not listed on any exchange, and all payments are subject to TD’s credit risk.
The public offering price is $1,000 per Note, with an underwriting discount of $6 and proceeds to TD of $994 per Note. The estimated value on the pricing date is expected to be between $935.00 and $970.00 per Note, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is issuing $1,999,000 of Contingent Income Auto-Callable Securities, $1,000 per security, linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. These senior unsecured notes expose investors to full principal risk.
Investors may receive a contingent quarterly coupon of $23.125 per security, equivalent to 9.25% per annum, on each determination date if all three indices are at or above 75% of their initial values. Beginning with the second determination date, if all indices are at or above 100% of their initial values, the notes are automatically redeemed at par plus that coupon.
If the notes are not called and, at maturity, any index is below 75% of its initial value, repayment is reduced 1-to-1 with the decline of the worst-performing index, potentially to zero. The securities are not listed, all payments depend on TD’s credit, and their estimated value on the pricing date was $967.40 per $1,000 security, below the issue price.
The Toronto-Dominion Bank is offering senior unsecured, QQQ-linked notes with a principal amount of $10,000 per Note, a term of about two years and an automatic call feature. The notes reference the Invesco QQQ Trust, Series 1.
If on the February 5, 2027 Review Date QQQ’s closing price is at or above the $622.72 Call Price, the notes are automatically called and investors receive $10,890 per $10,000 Note (an 8.90% Call Premium). If not called and, on the final valuation date, QQQ is at or above the Initial Price, investors receive principal plus the greater of a 17.80% digital return or the actual percentage gain.
If the final price is below the Initial Price but at or above the 85% Buffer Price, investors receive principal plus the 17.80% digital return. Below the Buffer Price, investors receive 18.8924 QQQ shares per Note, so losses accelerate at about 1.1765% of principal for each 1% decline beyond the 15% buffer and can reach a total loss. The notes pay no interest, are not listed, have limited liquidity, and their estimated value on the pricing date is expected between $9,500 and $9,850 per $10,000 Note.
The Toronto-Dominion Bank is issuing senior unsecured Callable Fixed Interest Barrier Notes linked to Alphabet Class A, NVIDIA and Tesla common stock. The Notes pay fixed interest at an annual rate of 18.60%, credited monthly, on a $1,000 principal amount per Note unless TD calls them early.
Beginning on the sixth interest payment date, TD may, at its discretion, redeem all Notes monthly at par plus the applicable interest payment; after an Issuer Call, no further payments are due. If the Notes are not called, the January 2028 maturity payment depends on the least performing stock versus its barrier level set at 65% of its initial value. If each final value is at or above its barrier, investors receive the full $1,000 principal. If any stock finishes below its barrier, repayment is reduced one-for-one with the percentage decline of the worst performer, and investors can lose up to their entire principal. All payments depend on TD’s credit and the Notes will not be listed for trading.
The Toronto-Dominion Bank is offering Capped Contingent Absolute Return Buffered Notes linked to the S&P 500® Index. Each Note has a $1,000 principal amount, a pricing date on January 30, 2026, and matures February 3, 2028.
At maturity, if the index is above its initial level, investors receive $1,000 plus the index percentage gain, capped at a Maximum Upside Redemption Amount of $1,282.50, which is a maximum gain of 28.25%. If the index is at or below the initial level but at or above 90% of it, investors receive a positive “contingent absolute” return equal to the absolute value of the index move, up to 10%.
If the index finishes below 90% of its initial level, the 10% buffer applies and investors lose 1% of principal for each 1% additional decline, with losses up to 90% of principal. The Notes pay no interest, are unsecured senior debt of TD, and are not listed. The estimated value on the pricing date is expected between $960 and $995 per $1,000 Note, reflecting fees, hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index. Each Note has a $1,000 principal amount, with a public offering size of $250,000, and a term to December 30, 2027, unless called earlier.
The Notes pay a contingent interest of approximately 10.25% per annum, evaluated monthly, but only if each index is at or above 70% of its initial level; otherwise no interest is paid for that period. The Notes are automatically called if, on any monthly call observation date from April 26, 2026, all three indices are at or above 100% of their initial values, in which case investors receive $1,000 plus any due interest and the Notes terminate.
If the Notes are not called and on the final valuation date any index closes below 70% of its initial value, repayment of principal is reduced one-for-one with the decline in the worst-performing index, and investors can lose up to their entire principal. The estimated value at pricing was $972.70 per Note, below the $1,000 offering price, and the Notes will not be listed. Payments depend on TD’s credit, and U.S. tax treatment is expected to follow a prepaid derivative contract approach.