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 unsecured Autocallable Contingent Interest Barrier Notes linked to the common stock of American Electric Power (AEP), NVIDIA (NVDA) and Palo Alto Networks (PANW). The Notes have a Principal Amount of $1,000 per Note, mature on January 26, 2028, and pay a contingent interest rate of approximately 22.40% per annum, credited monthly only if on each observation date all three stocks are at or above 70% of their initial value.
The Notes are automatically called if on any call observation date all three stocks are at or above 100% of their initial value, in which case holders receive $1,000 per Note plus any due contingent interest and no further payments. If the Notes are not called and on the final valuation date any stock is below 70% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst-performing stock, and investors can lose their entire investment. The estimated value on the pricing date is expected to be $890–$925 per $1,000 Note, and all payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is issuing unsecured Senior Debt Securities, Series H, in the form of Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The Notes pay a quarterly contingent coupon at a per annum rate of 9.90% only when, on each observation date, all three indexes are at or above 70% of their initial levels; otherwise no interest is paid for that quarter.
TD can redeem the Notes in whole on specified quarterly dates, paying principal plus any due contingent interest, after which no further amounts are owed. If the Notes are not called and on the final valuation date any index is below 60% of its initial level, repayment of principal is reduced one-for-one with the worst index’s decline, up to a total loss of the $1,000 principal per Note. The Notes are not insured, will not be listed, are subject to TD’s credit risk, and have an estimated initial value of $987.50 per Note, which is lower than the public offering price of $1,000.
The Toronto-Dominion Bank is offering principal-at-risk structured notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices, maturing on January 25, 2028.
Each $1,000 security can pay a contingent quarterly coupon of $21.25, equivalent to 8.50% per annum, but only if on every trading day in the quarter all three indices stay at or above 60.00% of their initial levels. If any index falls below its coupon threshold even once in a quarter, no coupon is paid for that period.
TD may call the notes in whole on any quarterly payment date (excluding the final one), returning the $1,000 principal plus any due coupon. At maturity, if no call has occurred and all indices are at or above 60.00% of their initial levels, investors receive principal plus the final coupon. If any index finishes below 60.00%, repayment is reduced 1-for-1 with the decline of the worst-performing index and can fall to zero.
The notes are senior unsecured debt of TD, not listed on any exchange, and carry TD’s credit risk. The estimated value on the pricing date is expected to be between $945.00 and $980.00 per $1,000 security, less than the issue price.
The Toronto-Dominion Bank is offering S&P 500®-linked structured notes with a principal amount of $1,000 per Note and an aggregate public offering price of $820,000. The Notes run for about 54 weeks, with a strike date of January 14, 2026 and maturity on February 1, 2027.
If the index is at or above the initial level at maturity, holders receive principal plus the index gain, capped at a Maximum Upside Return of 7.75% ($1,077.50 per Note). If the index is below the initial level but at or above the 15% Buffer Level, investors receive a positive “contingent absolute” return, up to 15%. Below the Buffer Level, losses are leveraged by about 1.1765, and holders can lose some or all of principal.
The Notes pay no periodic interest, are unsecured senior debt of TD, are not bail‑inable or insured, and will not be listed on an exchange. The estimated value on the pricing date is $987.50 per Note, less than the $1,000 public offering price, reflecting selling, structuring and hedging costs, and the product carries complex liquidity, conflict of interest and tax risks.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index. Each $1,000 Note pays a contingent interest coupon at an annual rate of approximately 10.10%, but only for months when the closing value of every index is at least 70% of its Initial Value.
TD can redeem the Notes in whole, at its discretion, on monthly Call Payment Dates starting with the third coupon date, returning the $1,000 principal per Note plus any due contingent interest, after which no further payments are made. If the Notes are not called, maturity payment depends on the least performing index on the final observation date. If each index is at or above 65% of its Initial Value, investors receive full principal (plus any due interest). If any index finishes below 65%, principal is reduced 1% for each 1% decline in that least performing index, potentially to zero.
The Notes are unsecured obligations of TD, are not insured by any government agency, and will not be listed on an exchange. The estimated value on the pricing date is expected to be between $950.00 and $985.00 per $1,000 Note, which is less than the $1,000 public offering price.
The Toronto-Dominion Bank is offering $10-per-unit Autocallable Strategic Accelerated Redemption Securities linked to the EURO STOXX 50 Index, maturing in about three years if not called. The notes are automatically called, and pay a fixed Call Amount, if the index closes at or above its starting level on observation dates about one, two, or three years after pricing, with indicative call payouts of [$10.925 to $11.025], [$11.850 to $12.050], or [$12.775 to $13.075] per unit, respectively.
If the notes are never called and the final index level is below the starting level, repayment of principal is reduced 1-to-1 with the index decline, so up to 100% of invested principal is at risk. The notes pay no periodic interest, are senior unsecured obligations of TD, and are not insured by CDIC or FDIC. The initial estimated value per unit is expected to be between $9.25 and $9.55, below the $10 public offering price, reflecting an underwriting discount of $0.20 per unit, a hedging-related charge of $0.05 per unit, and TD’s internal funding rate; proceeds to TD before expenses are $9.80 per unit. The notes are not exchange-listed and secondary market liquidity is expected to be limited.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the SPDR® S&P 500® ETF Trust (SPY). Each Note has a $1,000 principal amount, a Strike Date of January 15, 2026 and a scheduled Maturity Date of January 19, 2029.
The Notes pay a 7.00% per annum contingent interest, evaluated semiannually. A payment is made only if SPY’s Closing Value on the observation date is at or above the Contingent Interest Barrier of $484.568, which is 70.00% of the Initial Value of $692.24. TD may, at its discretion, call the Notes in whole on any semiannual Call Payment Date, returning the $1,000 principal plus any due contingent interest, after which no further payments are made.
If the Notes are not called, principal repayment depends on SPY’s Closing Value on the Final Valuation Date. If the Final Value is at or above the Barrier Value of $484.568, investors receive the full $1,000 per Note (plus any contingent interest). If the Final Value is below the Barrier, repayment is $1,000 + ($1,000 × Percentage Change), so investors lose 1% of principal for each 1% SPY has fallen from the Initial Value and can lose their entire investment. The Notes are not insured, will not be listed, and all payments are subject to TD’s credit risk. The estimated value on the pricing date is expected to be between $945.00 and $980.00 per Note, less than the $1,000 public offering price.
The Toronto-Dominion Bank plans to issue senior unsecured Digital Barrier Notes linked to the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. Each Note has a $1,000 principal amount, is priced on January 26, 2026, issued on January 29, 2026, and matures on January 31, 2030.
At maturity, investors receive principal plus a fixed 30.45% Digital Return if the final level of each index is at or above 65% of its initial level. If any index finishes below its 65% barrier, repayment is reduced one-for-one with the decline of the worst-performing index, and investors can lose their entire investment. The Notes pay no interest, are not listed, and secondary liquidity may be limited. The estimated value on the pricing date is expected between $905 and $940 per $1,000 Note, reflecting fees, hedging and TD’s internal funding rate. All payments depend on TD’s creditworthiness and the U.S. and Canadian tax treatment is complex and uncertain.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each Note has a $1,000 principal amount and pays a monthly contingent interest at a rate of at least 10.20% per annum only when all three indexes are at or above 75% of their Initial Values on the observation date.
TD can call the Notes monthly starting on the sixth interest 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 on the final valuation date any index is below 70% of its Initial Value, repayment is reduced 1% for every 1% decline in the worst-performing index, down to a possible total loss of principal. The estimated value on the pricing date is expected between $940 and $975 per Note, below the $1,000 public offering price, with an underwriting discount of up to $8.50 per Note and proceeds to TD of at least $991.50 per Note.
The Toronto-Dominion Bank is offering 54-week senior unsecured notes linked to the S&P 500 Index, issued at $1,000 per Note with a minimum investment of $10,000. The Initial Level is 6,926.60 and the Buffer Level is 5,887.61, providing a 15% downside buffer.
If, on the Valuation Date, the Index is at or above the Initial Level, investors receive the principal plus the Index gain, capped by a Maximum Upside Return of 7.75% (a Payment at Maturity of $1,077.50 per Note). If the Index is below the Initial Level but at or above the Buffer Level, investors earn a Contingent Absolute Return of +1% for each 1% Index decline, up to 15%.
If the Index finishes below the Buffer Level, losses are leveraged: holders lose approximately 1.1765% of principal for each 1% Index drop beyond the 15% buffer and can lose their entire investment. The Notes pay no interest, are not listed, and secondary market liquidity may be limited. The estimated value on the Pricing Date is expected between $950 and $985 per Note, below the public offering price, and all payments are subject to TD’s credit and complex U.S. and Canadian tax treatment.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The notes target a contingent interest rate of 11.10% per year, paid monthly only when each index on the observation date is at or above 70% of its initial level.
TD can redeem the notes in whole, at its discretion, on monthly dates starting with the third interest payment, paying back the $1,000 principal per note plus any due interest and then stopping all future payments. If the notes are not called and on the final valuation date any index is below 70% of its initial level, investors lose 1% of principal for each 1% decline in the worst-performing index and could lose the entire principal.
The notes are not listed, are subject to TD’s credit risk, and had an estimated value of $989.60 per $1,000 on the pricing date, below the public offering price. U.S. holders are expected to treat them as prepaid derivative contracts for tax purposes, and sales to retail investors in the EEA and UK are restricted.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing 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 can be called monthly by TD starting on the third Contingent Interest Payment Date.
The Notes pay a monthly contingent coupon at a per annum rate of at least 10.95% only if, on the related observation date, the closing value of each index is at or above 70% of its initial value. If any index is below this 70% barrier, no interest is paid for that month.
If the Notes are not called and on the Final Valuation Date any index is below 70% of its initial value, repayment of principal is reduced 1-for-1 with the decline of the worst-performing index, up to a total loss of principal. Estimated value on the pricing date is expected between $935 and $970 per $1,000 Note, and the Notes will not be listed. U.S. tax treatment is expected to follow a prepaid derivative contract approach, with contingent interest taxed as ordinary income.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100 Technology Sector Index, Russell 2000 Index and S&P 500 Index. Each Note has a $1,000 principal amount, a scheduled maturity on January 4, 2028, and pays a contingent interest rate of at least approximately 8.90% per year, paid monthly, but 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 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 on the final valuation date any index finishes below its 70% barrier, repayment of principal is reduced 1% for each 1% decline of the worst-performing index, down to possible total loss. The Notes are not CDIC or FDIC insured, will not be listed on an exchange, and any payments depend on TD’s credit. The initial estimated value is $920–$955 per $1,000. For U.S. holders, TD intends to treat the Notes as prepaid derivative contracts for tax purposes, with interest taxed as ordinary income.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. These senior unsecured notes pay a contingent coupon at a per annum rate of at least approximately 9.10% only when, on a monthly observation date, the closing value of each index is at or above 75% of its initial level. If any index is below this contingent interest barrier on an observation date, no interest is paid for that month.
TD can, at its discretion, call the notes in whole on monthly call dates starting with the 12th interest payment date, returning the $1,000 principal per note plus any due interest, after which no further amounts are owed. If the notes are not called, repayment at maturity in November 2030 depends on the worst-performing index. If the final level of every index is at or above 65% of its initial value, investors receive full principal (plus any due interest). If any index finishes below 65%, principal is reduced 1% for each 1% decline in the worst index, down to a possible total loss. The estimated initial value is expected between $930 and $965 per $1,000 note, less than the public offering price, and the notes will not be listed, with limited or no secondary market expected.
The Toronto-Dominion Bank is offering unsecured callable contingent interest barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes pay a contingent interest rate of 9.90% per annum, but only for quarters when the closing value of each index is at or above 70% of its initial level. If any index is below this barrier on an observation date, no interest is paid for that period.
TD can, at its discretion, call the notes in whole on quarterly dates starting with the second 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, on the final valuation date, every index is at or above 60% of its initial level, investors receive full principal back (plus any interest due). If any index finishes below 60%, repayment is reduced one-for-one with the percentage loss of the worst-performing index, and investors can lose their entire principal. The estimated value on the pricing date is $955–$990 per $1,000 note, below the public offering price, and payments are subject to TD’s credit risk and complex U.S. tax treatment.
The Toronto-Dominion Bank is offering unsecured Senior Debt Securities, Series H, in the form of Autocallable Contingent Interest Barrier Notes with Memory Interest linked to Dow Inc. common stock. Each Note has a $1,000 principal amount and pays a contingent quarterly interest at an annual rate of 14.75% to 15.75% only if Dow’s closing price on the observation date is at or above 65% of its initial value.
The Notes can be automatically called each quarter if Dow’s price is at or above 100% of the initial value, in which case investors receive $1,000 plus any due and unpaid contingent interest, and the product terminates. If the Notes are not called and Dow’s final value is below the 65% barrier, investors receive shares of Dow equal to a preset Physical Delivery Amount, which can result in substantial or total loss of principal. The Notes are unsecured obligations of TD, are not insured, will not be listed, and have an estimated initial value between $925 and $960 per $1,000 public offering price, reflecting fees, costs, and TD’s internal funding rate.
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 indexes. The Notes target a contingent interest rate of at least about 7.75% per year, paid monthly only when all three indexes are at or above 75% of their initial level on the related observation date.
TD can redeem the Notes in whole, at its discretion, on monthly call dates starting with the twelfth interest payment date, paying back the $1,000 principal per Note plus any due interest, after which no further payments are made. If the Notes are not called, principal repayment at maturity depends on index performance relative to 70% “barrier” levels; if any index finishes below its barrier, repayment is reduced one-for-one with the decline of the worst-performing index and investors can lose all of their principal.
The Notes are unsecured obligations of TD, will not be listed on an exchange, and may have limited or no secondary market liquidity. The bank’s estimated value on the pricing date is expected to be $905–$940 per $1,000 Note, below the public offering price, reflecting structuring and hedging costs. U.S. tax treatment is complex and based on treating the Notes as prepaid derivative contracts.
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes with Memory Interest linked to Arista Networks, Inc. common stock. Each Note has a $1,000 principal amount, a scheduled maturity on July 22, 2027, and pays a contingent interest coupon of 15.00% to 16.00% per annum, determined on the pricing date. Interest is paid quarterly only if Arista’s closing price on the related observation date is at or above a barrier set at 65.00% of the initial share value, with a memory feature that can restore previously missed coupons when the barrier is later met.
The Notes are automatically called if, on any quarterly call observation date, Arista’s closing value is at least 100.00% of the initial value, in which case investors receive $1,000 plus any due and unpaid contingent interest and the Notes terminate. If not called and the final share value is at or above the 65.00% barrier, investors receive full principal back; if it is below, repayment is reduced one-for-one with Arista’s percentage decline, up to a 100% loss of principal. The Notes are unsecured senior debt of TD, not insured by any government agency, carry TD’s credit risk, have limited liquidity, and have an estimated initial value of $930.00 to $965.00 per $1,000 due to embedded costs and hedging.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indices. Each note has a $1,000 principal amount and can pay contingent interest at a rate of at least approximately 6.95% per year, but only if on each monthly observation date all three indices are at or above 75% of their initial levels. TD may redeem the notes early, in whole, on monthly call dates starting with the twelfth 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 finishes below 60% of its initial level, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose their entire investment. The notes are unsecured senior debt of TD, will not be listed, and have an estimated value on the pricing date of $900–$935 per $1,000, below the public offering price due to fees, hedging and funding costs.
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 target a Contingent Interest Rate of at least approximately 8.20% per year, paid monthly only when all three indices are at or above 75.00% of their Initial Values on the observation date. TD can redeem the notes in whole, at its discretion, on monthly call dates starting with the sixth interest payment date by returning the $1,000 principal per note plus any interest due.
If the notes are not called, principal repayment at maturity in February 2028 depends on index performance versus 70.00% Barrier Values. If any index finishes below its Barrier Value, repayment is reduced 1% for each 1% decline of the worst-performing index, and investors can lose their entire principal. The notes are unsecured senior debt of TD, are not insured or listed, and their estimated initial value is expected between $920.00 and $955.00 per $1,000 note.
The Toronto-Dominion Bank plans to issue Callable Fixed Interest Barrier Notes linked to the worst performer of Alphabet (GOOGL), NVIDIA (NVDA) and Tesla (TSLA). Each Note has a $1,000 principal amount, pays a fixed annual interest rate of 18.60% in monthly installments, and matures on January 31, 2028, unless TD calls the Notes early.
Starting with the sixth monthly interest date, TD may, at its discretion, call all Notes on any monthly call date, repaying the $1,000 principal plus that month’s interest, with no further payments afterward. If the Notes are not called, principal repayment at maturity depends on stock performance: investors receive full principal only if the Final Value of each stock is at least 65% of its Initial Value. If any stock ends below its 65% barrier, repayment is reduced one-for-one with the decline of the worst-performing stock, and investors could lose their entire principal.
The Notes are unsecured senior debt of TD, are not insured by any deposit insurer, and will not be listed on an exchange. The expected initial estimated value is between $920 and $955 per $1,000 Note, reflecting structuring, distribution and hedging costs, and secondary market prices, if any, may be substantially below the public offering price.
The Toronto-Dominion Bank is offering $7,737,000 of Contingent Income Auto-Callable Securities due January 15, 2027, linked to the worst performer of NVIDIA common stock and Taiwan Semiconductor ADRs. Each $1,000 security can pay a contingent quarterly coupon of $40.65, equivalent to 16.26% per annum, for each determination date on which the closing price of both stocks is at least 60% of their initial share prices.
The notes may be automatically redeemed early if, on any non-final determination date, both stocks are at or above 100% of their initial share prices, paying $1,000 plus the coupon and then terminating. If held to maturity and the final price of each stock is at least 60% of its initial level, investors receive $1,000 plus the final coupon. If the final price of any stock is below 60% of its initial level, repayment is reduced 1-to-1 with the decline of the worst performer and can fall to zero, resulting in loss of the entire investment.
The securities are senior unsecured debt of TD, subject to its credit risk, will not be listed on any exchange, and have an estimated value on the pricing date of $969.00 per $1,000 security. Upfront fees and commissions total $17.50 per security, including sales commissions and a structuring fee.
The Toronto-Dominion Bank is offering callable contingent interest barrier notes linked to the least performing of the Dow Jones Industrial Average®, Russell 2000® Index and S&P 500® Index. The Notes pay contingent interest at an annual rate of 8.25%, credited 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 starting on the third interest payment date, paying back the $1,000 principal per Note plus any due interest, after which no further payments are made.
If the Notes are not called, principal repayment at the January 19, 2029 maturity depends on the worst-performing index. As long as every index stays at or above 60% of its initial value on the final valuation date, investors receive full principal (plus any contingent interest). If any index finishes below this 60% barrier, repayment is reduced one-for-one with the decline of the weakest index, and investors can lose their entire principal. The estimated value on the pricing date is expected to be between $945 and $980 per $1,000 Note. The Notes are unsecured, subject to TD’s credit risk and will not be listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each Note has a principal amount of $1,000 and a maturity date of January 25, 2029, unless TD calls the Notes earlier on monthly call dates starting with the sixth interest payment date.
The Notes pay a contingent interest rate of approximately 8.15% per year, credited monthly only if on each observation date all three indexes are at or above their respective contingent interest barriers, set at 60% of initial value. If any index is below its barrier on an observation date, no interest is paid for that month.
If the Notes are not called and on the final valuation date any index is below its 60% barrier, repayment of principal is reduced 1% for every 1% decline of the worst-performing index from its initial value, and investors can lose their entire $1,000. The estimated value on the pricing date is expected to be between $945 and $980 per Note, versus a public offering price of $1,000, reflecting selling costs, hedging and TD’s internal funding rate.
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 contingent interest rate of 11.10% per annum, with monthly payments only when, on each observation date, all three indexes are at or above 70% of their initial values. If any index is below its barrier on an observation date, no interest is paid for that month.
TD can, at its discretion, call the notes monthly starting on the third contingent interest payment date, returning the $1,000 principal per note plus any due interest, after which no further amounts are owed. If the notes are not called, principal repayment at maturity in July 2027 depends on the worst performing index: investors receive full principal only if all three indexes finish at or above 70% of their initial values, otherwise they lose 1% of principal for each 1% decline in the worst index and can lose the entire amount. The notes are unsecured senior debt of TD, not listed on an exchange, and have an estimated value on the pricing date between $955 and $990 per $1,000 note, below the public offering price.
The Toronto-Dominion Bank is offering complex UPS-linked structured notes that combine leveraged upside, limited downside buffer and potential share delivery at maturity. Each $1,000 Note provides 500.00% participation in any increase in United Parcel Service, Inc. stock from the Initial Value to the Final Value, but returns are capped by a Maximum Upside Redemption Amount of $1,420.00 to $1,470.00 per Note, set on the pricing date.
If UPS is flat or down but not below 90.00% of the Initial Value, investors receive a "contingent absolute" positive return based on the size of that move, up to 10.00%. If UPS closes below the 90.00% Buffer Value, holders receive a Physical Delivery Amount of UPS shares per Note, whose value can be far below principal, with losses of about 1.1111% for each 1% drop beyond the 10.00% buffer. The Notes pay no interest, are unsecured senior debt of TD, will not be listed, have an initial estimated value of $905.00 to $940.00 per $1,000, involve TD credit risk and feature uncertain, complex U.S. and Canadian tax treatment.
The Toronto-Dominion Bank is offering senior unsecured market-linked securities that are auto-callable notes tied to the lowest-performing of Amazon, Alphabet Class A, Microsoft and NVIDIA, maturing on February 1, 2029. Each security has a $1,000 face amount and pays a contingent monthly coupon only if the lowest-performing stock on the calculation day is at or above 60% of its starting price, with a contingent coupon rate of at least 16.80% per annum. From January 2027 to December 2028, if on any monthly calculation day the lowest-performing stock is at or above its starting price, the notes are automatically called for $1,000 plus the final coupon.
If not called, principal is protected at maturity only if the worst stock is at or above 60% of its starting price; otherwise repayment is reduced one-for-one with that stock’s decline, and investors can lose most or all of their principal. The estimated value on the pricing date is expected to be $880–$910 per security versus the $1,000 original offering price, reflecting selling costs and the bank’s internal funding rate. The notes are unsecured obligations subject to TD’s credit risk, will not be listed, and may have limited or no secondary market liquidity.
The Toronto-Dominion Bank is offering senior unsecured Capped Buffered Notes linked to the S&P 500 Index. Each Note has a $1,000 principal amount, a Pricing Date of January 8, 2026, and matures on July 13, 2028, with the Final Value set on July 10, 2028.
At maturity, if the index is above the Initial Value of 6,921.46, investors receive unleveraged upside capped at a Maximum Redemption Amount of $1,268.00, equal to a maximum gain of 26.80%. If the Final Value is between the Initial Value and the Buffer Value of 5,537.168 (80% of the Initial Value), investors receive back only their $1,000 principal.
If the index falls below the Buffer Value, principal is reduced 1% for each 1% decline beyond the 20% buffer, with losses up to 80.00% of principal. The Notes pay no interest, are not insured, are not bail-inable, and any payment depends on TD’s credit. The estimated value on the Pricing Date is $982.00 per Note, below the $1,000.00 public offering price, and the Notes are not expected to have an active secondary market.
The Toronto-Dominion Bank is issuing $1,088,000 of senior autocallable contingent interest barrier notes linked to Oracle, PayPal and Walmart stock. Each $1,000 Note can pay contingent monthly interest at a 21.00% per annum rate, but only when all three shares close at or above 60.00% of their initial values on the relevant observation date. If any stock is below its barrier on that date, no interest is paid.
The Notes can be automatically called monthly starting in April 2026 if all three stocks are at or above 100.00% of their initial values; in that case, holders receive $1,000 per Note plus any due interest and the product ends early. If the Notes are not called and, on the January 8, 2029 final valuation date, any stock finishes below 50.00% of its initial value, repayment of principal is reduced one-for-one with the worst-performing stock and can fall to zero. The Notes are unsecured TD obligations, will not be listed on an exchange, and had an estimated value of $935.00 per $1,000 at pricing, below the public offering price.
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, with a public offering price of $1,000, an underwriting discount of $6 and proceeds to TD of $994 per Note.
The Notes provide 215.00% leveraged upside based on the positive performance of the least performing reference asset. If any reference asset ends below its Initial Value but both stay at or above 65.00% of Initial Value (the barrier), investors receive only their principal back. If any reference asset finishes below its barrier, investors lose 1% of principal for each 1% decline in the least performing asset and can lose their entire investment.
The Notes pay no interest, will not be listed on any exchange and are subject to TD’s credit risk. The estimated value on the pricing date is expected to be between $930.00 and $965.00 per Note, which is less than the public offering price, reflecting structuring, distribution and hedging costs.
The Toronto-Dominion Bank is offering senior unsecured Digital Barrier Notes linked to the least performing of Oracle, PayPal and Walmart common stock. Each Note has a $1,000 principal amount, a Digital Return of 62.00%, and matures on January 11, 2029 after a final valuation on January 8, 2029.
If on the Final Valuation Date the value of each stock is at or above its Barrier Value, set at 55.00% of its Initial Value, investors receive $1,000 plus 62% ($1,620 total per Note). If any stock finishes below its Barrier Value, the payoff is reduced by the full negative Percentage Change of the worst performer, so principal can be partially or completely lost.
The Notes pay no interest, are unsecured obligations subject to TD’s credit risk, will not be listed on an exchange, and may have limited or no secondary market. The estimated value at pricing was $879.20 per Note, below the $1,000 public offering price, reflecting selling costs, structuring and hedging assumptions.
The Toronto-Dominion Bank is offering senior unsecured leveraged barrier notes linked to the worst performer of the Russell 2000 Index and the S&P 500 Index. Each Note has a $1,000 principal amount, prices on January 16, 2026 and matures on January 22, 2031.
If the Final Value of each index is above its Initial Value, holders receive $1,000 plus 138.15% of the gain of the worst-performing index. If any index is at or below its Initial Value but both stay at or above 65% of their Initial Values, investors receive only the $1,000 principal. If any index finishes below 65% of its Initial Value, repayment is reduced one-for-one with the decline of the worst index, and investors can lose their entire principal.
The Notes pay no interest, are not listed on any exchange, and any payment depends on TD’s credit. The estimated value on the pricing date is expected to be $935–$970 per $1,000 Note, below the public offering price, reflecting selling costs, hedging and TD’s internal funding rate. The U.S. and Canadian tax treatment is complex and uncertain.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. The Notes pay contingent interest at a 7.80% per annum rate, but only if on each monthly observation date all three indexes are at or above 70% of their initial values. TD can redeem the Notes in whole, starting on the sixth interest date, paying principal plus any due interest and ending the investment early.
If the Notes are not called and on the final valuation date any index closes below its 70% barrier, repayment of principal is reduced one-for-one with the worst index’s loss and can fall to zero. The Notes are senior unsecured obligations of TD, are not insured, will not be listed on an exchange, and their initial estimated value is between $920 and $955 per $1,000 principal amount.
The Toronto-Dominion Bank is offering senior unsecured Digital Buffered Notes linked to the S&P 500® Index. Each Note has a $1,000 principal amount, a Pricing Date of January 8, 2026, and matures on January 11, 2029. The public offering price is $1,000 per Note, with an underwriting discount of $2.50 and proceeds to TD of $997.50 per Note. The estimated value at pricing is $982.80 per Note, which is lower than the public offering price.
At maturity, if the S&P 500® Final Value is at or above 80.00% of its Initial Value (the Buffer Value), investors receive principal plus a fixed 20.00% Digital Return, for a maximum payment of $1,200 per $1,000 Note. If the Final Value is below the Buffer Value, investors lose 1% of principal for each 1% decline beyond the 20.00% buffer, and may lose up to 80.00% of principal. The Notes pay no periodic interest, are not listed on any exchange, and any payment is subject to TD’s credit risk.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the S&P 500 Index that pay no interest and mature on April 7, 2027. For each $1,000 note, investors receive $1,109.80 at maturity if the index level on April 5, 2027 is at least 90% of the initial level of 6,920.93. If the index finishes below this 90% threshold, repayment is reduced using a downside multiplier of approximately 1.1111, so losses exceed index losses beyond the 10% buffer and can reach 100% of principal.
The initial estimated value is $996.60 per $1,000, below the public offering price of $1,000, reflecting selling costs, hedging and TD’s internal funding rate. The aggregate principal for the offered notes is $5,191,000, and the notes will not be listed on any exchange, with any resale dependent on limited, discretionary market-making. Payments are subject to TD’s credit risk, and the document highlights significant risks around market volatility, pricing, liquidity and complex U.S. and Canadian tax treatment.
The Toronto-Dominion Bank is issuing US$600,000,000 of Floating Rate Senior Medium-Term Notes, Series F, due January 13, 2028. The notes are unsecured senior obligations that pay quarterly interest at Compounded SOFR plus 58 basis points, with payments on January 13, April 13, July 13 and October 13 of each year, starting April 13, 2026.
The notes are priced at 100.000% of principal, with underwriting commissions of 0.150%, resulting in proceeds to TD of US$599,100,000. They are bail‑inable under the Canada Deposit Insurance Corporation Act, meaning they can be converted into common shares or varied or extinguished in a bail‑in. The notes are not redeemable at TD’s option before maturity except for specified tax reasons, will not be listed on any securities exchange, and are offered in minimum denominations of US$2,000 and integral multiples of US$1,000 above that amount.
The Toronto-Dominion Bank is issuing US$900,000,000 of 4.411% Senior Medium-Term Notes, Series F, due January 13, 2031, at 100% of principal, with underwriting commissions of 0.350% and expected proceeds of US$896,850,000. The notes pay interest semi-annually on January 13 and July 13, starting July 13, 2026, and are senior unsecured obligations ranking equally with the bank’s other unsecured, unsubordinated debt.
The notes are bail-inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into common shares of TD or its affiliates, or varied or extinguished, in a bail-in conversion. TD may redeem the notes early, in whole or in part, at a make-whole redemption price based on a Treasury Rate plus 15 basis points or 100% of principal, plus accrued interest, and may also redeem them at par for specified Canadian tax reasons. The notes will not be listed on any securities exchange and will settle in book-entry form through DTC on or about January 13, 2026.
The Toronto-Dominion Bank is issuing US$1,000,000,000 of 3.913% Senior Medium-Term Notes, Series F, due January 13, 2028. The notes are senior unsecured obligations ranking equally with the bank’s other unsecured, unsubordinated debt and will be issued at 100% of principal, with underwriting commissions of 0.150% and proceeds to the bank of US$998,500,000.
Interest is paid semi-annually on January 13 and July 13, starting July 13, 2026, in minimum denominations of US$2,000 and integral multiples of US$1,000 above that. The notes are callable at TD’s option before maturity at a make-whole redemption price based on a Treasury Rate plus 10 basis points, and may also be redeemed in whole for specified Canadian tax reasons at 100% of principal plus accrued interest.
The notes are “bail-inable” under the Canada Deposit Insurance Corporation Act and may be converted into TD common shares or those of its affiliates in a bail-in scenario. They will not be listed on any securities exchange and are not insured or guaranteed by any Canadian or U.S. deposit insurer or government agency.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Fixed Interest Barrier Notes linked to Apple, Amazon, Alphabet Class A and Microsoft stock. Each $1,000 Note pays fixed monthly interest of $8.583 (about 10.30% per year) regardless of stock performance, unless the Notes are called early. The Notes are automatically called if on a monthly observation date every stock is at or above 100% of its initial value, in which case investors receive $1,000 plus the due interest and the Notes terminate. If not called and, at maturity, every stock is at or above 60% of its initial value, investors receive $1,000 in cash plus the final interest payment. If any stock finishes below 60% of its initial value, investors receive shares of the worst-performing stock (its Physical Delivery Amount), which may be worth far less than $1,000, resulting in up to a total loss of principal. The Notes are not insured, will not be listed, and their estimated initial value is expected to range from $900.00 to $935.00 per $1,000 Note.
The Toronto-Dominion Bank is offering senior unsecured Market Linked Securities that are auto-callable notes with contingent monthly coupons and conditional principal protection, linked to the lowest performing of Broadcom, Alphabet Class A, Meta Platforms and NVIDIA.
Each security has a $1,000 face amount and can pay a monthly contingent coupon at a rate of at least 15.75% per annum if, on the relevant calculation day, the lowest performing stock is at or above 50% of its starting price. Missed coupons can be “remembered” and paid later if the trigger is met on a subsequent date.
From April 2026 to December 2028, if on any monthly calculation day the lowest performing stock is at or above its starting price, the notes are automatically called for $1,000 plus the applicable coupon(s). If not called, principal is protected at maturity only if the lowest stock is at or above 50% of its starting price; below that level, investors lose more than 50%, up to all of principal.
The original offering price is $1,000 per note, with an estimated value between $890.00 and $925.00 and an agent discount of $23.25 per note. The securities are complex, not listed on any exchange and fully subject to TD’s credit risk.
The Toronto-Dominion Bank is offering unsecured senior notes that pay no interest and are linked to an unequally weighted basket of five global equity indices. The basket weights are 38% EURO STOXX 50, 26% TOPIX, 17% FTSE 100, 11% Swiss Market Index and 8% S&P/ASX 200.
At maturity, investors receive $1,000 plus 300% of any positive basket return, capped at a maximum payment expected between $1,333.60 and $1,392.40 per $1,000 note, or lose principal one-for-one with any basket decline and could lose their entire investment. The initial estimated value is expected between $959.80 and $989.80 per $1,000, below the public offering price, and the notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering contingent income auto-callable senior debt securities due January 15, 2027, linked to the worst performer between NVIDIA common stock and Taiwan Semiconductor ADRs. Each security has a $1,000 stated principal amount and can pay a contingent quarterly coupon of $40.65 (equivalent to 16.26% per annum) if on a determination date both underlying stocks are at or above 60.00% of their initial share prices.
The notes are auto-callable if, on any non-final determination date, both stocks are at or above 100.00% of their initial share prices, in which case investors receive principal plus the applicable coupon and the notes terminate. If not called, and at maturity any stock finishes below 60.00% of its initial share price, investors are exposed on a 1‑for‑1 basis to the decline of the worst-performing stock and can lose most or all of principal. The securities are senior unsecured obligations of TD, not principal-protected, not listed on an exchange, and carry complex liquidity, valuation and tax risks. The preliminary estimated value is between $930.00 and $965.00 per security, below the $1,000 issue price.
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, with an initial public offering size of $876,000.
At maturity in January 2028, if the index is above the initial level, investors receive a positive return equal to the index gain, capped at a Maximum Upside Redemption Amount of $1,189.50 per Note, or 18.95%. If the index is below the initial level but at or above 85.00% of it (the Buffer Value), investors receive a positive “contingent absolute” return equal to the absolute value of the percentage change, up to 15.00%.
If the index finishes below 85.00% of the initial level, investors lose 1% of principal for each 1% decline beyond the 15.00% buffer and can lose up to 85.00% of principal. The Notes are unsecured senior debt subject to TD’s credit risk, will not be listed, and have an estimated value of $982.50 per Note, which is less than the $1,000 public offering price. U.S. tax treatment is uncertain and relies on treating the Notes as prepaid derivative contracts.
The Toronto-Dominion Bank is offering Capped Buffered Notes linked to the S&P 500® Index. Each Note has a $1,000 principal amount, a pricing date of January 16, 2026 and matures on January 19, 2029.
If the index rises, investors receive unleveraged upside capped at a maximum redemption of $1,360.50 per Note, equal to a 36.05% maximum return over principal. If the final index level is at or above 80.00% of the initial level, investors receive back their full principal.
If the index closes below 80.00% of its initial level, investors lose 1% of principal for each 1% decline beyond this 20.00% buffer, with up to 80.00% of principal at risk. The Notes pay no interest, are unsecured senior debt of TD, will not be listed on an exchange, and all payments depend on TD’s credit. The public offering price is $1,000 per Note, with an underwriting discount of $7.50 and estimated initial fair value between $950.00 and $985.00.
The Toronto-Dominion Bank is offering Digital Buffered Notes linked to the S&P 500® Index, each with a $1,000 principal amount, priced in U.S. dollars. The Notes mature on January 11, 2029, with the Final Value observed on January 8, 2029. They pay no interest and are unsecured senior debt securities, not insured by any deposit insurance agency and not listed on any exchange.
If the S&P 500 Final Value is at least 80% of its Initial Value, investors receive a fixed 20.00% Digital Return, for a maximum payment of $1,200 per Note. If the Final Value falls below 80% of the Initial Value, investors lose 1% of principal for each 1% decline beyond the 20% buffer and can lose up to 80% of principal. The estimated value on the pricing date is expected to be between $950.00 and $985.00 per Note, less than the public offering price, reflecting structuring, distribution and hedging costs. Any payment is subject to TD’s credit risk, and secondary market liquidity may be limited with potential sales at a substantial discount.
The Toronto-Dominion Bank is offering unsecured Capped Buffered Notes linked to the S&P 500® Index, each with a $1,000 principal amount, priced on January 8, 2026 and maturing on July 13, 2028.
At maturity, if the S&P 500 is above its initial level, investors receive unleveraged upside capped at a Maximum Redemption Amount of $1,268.00 per Note, a maximum gain of 26.80%. If the index is at or below its initial level but not below 80.00% of that level (the buffer), investors receive only their $1,000 principal.
If the final index level is below 80.00% of the initial level, investors lose 1% of principal for each 1% decline beyond the 20% buffer, with potential loss of up to 80.00% of principal. The Notes pay no periodic interest, are not listed on any exchange, and all payments are subject to TD’s credit risk.
The estimated value on the pricing date is expected to be between $950.00 and $985.00 per Note, which is less than the public offering price due to costs, hedging and dealer compensation. U.S. tax disclosure states the Notes are intended to be treated as prepaid derivative contracts, but the tax treatment is uncertain and could differ.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the S&P 500® Index that pay no interest and expose holders to loss of principal. The notes, issued in U.S. dollars with a principal amount of $1,000 per note and an initial aggregate size of $8,785,000, run from a pricing date of January 2, 2026 to a maturity date of January 5, 2028.
At maturity, investors receive a cash payment based on index performance. Gains are leveraged at 150% and capped at a Maximum Payment Amount of $1,209.40 per $1,000, which is a maximum return of 20.94%. A 10% downside buffer applies: if the index falls more than 10% from the initial level of 6,858.47, principal is reduced at about 1.1111% for each 1% drop beyond the buffer, and the entire principal can be lost.
The notes are not listed, are subject to TD’s credit risk, and had an initial estimated value of $976.10 per $1,000, below the public offering price due to structuring, distribution and hedging costs. Extensive risk and tax disclosures highlight market risk of the S&P 500, liquidity limits, conflicts of interest, and uncertain U.S. and Canadian tax treatment.
The Toronto-Dominion Bank is offering U.S. dollar-denominated Floating Rate Senior Medium‑Term Notes, Series F, under a preliminary pricing supplement. These unsecured senior notes will pay quarterly interest at a floating rate based on Compounded SOFR plus a fixed margin, with interest calculated on an Actual/360 day count basis and paid in arrears until maturity.
The notes are issued in minimum denominations of US$2,000 and integral multiples of US$1,000 above that. They are designated as bail‑inable notes, meaning they can be converted into common shares of TD or its affiliates, or varied or extinguished, under Canadian bank resolution powers in the CDIC Act. Other than a limited right to redeem at par for specified tax reasons, the notes are not callable and there is no sinking fund, and they will not be listed on any securities exchange.
TD agrees, subject to detailed exceptions, to pay certain tax “Additional Amounts” if Canadian withholding taxes apply, and may redeem the notes at 100% of principal plus accrued interest if future tax law changes trigger such obligations. The offering is led by TD Securities and other agents, including an affiliated underwriter, and is subject to FINRA Rule 5121 conflicts‑of‑interest requirements.
The Toronto-Dominion Bank is offering U.S. dollar-denominated senior medium-term notes, Series F, as unsecured, unsubordinated obligations that rank equally with its other senior debt. The notes pay interest semi-annually on a 30/360 day-count basis, are issued in minimum denominations of US$2,000 and integral multiples of US$1,000 above that, and will be held in book-entry form through DTC and its participants.
The notes are designated as bail-inable under the Canada Deposit Insurance Corporation Act, meaning they may be converted into TD common shares, or varied or extinguished, if Canadian bail-in powers are exercised. They may be redeemed early at TD’s option at a make-whole redemption price based on a Treasury Rate plus a spread, or at 100% of principal in certain tax events, in each case with 10 to 60 days’ notice. The notes will not be listed on any securities exchange, and TD Securities (USA) LLC will act as an affiliated underwriter, subject to FINRA Rule 5121. TD agrees to pay specified Additional Amounts to holders for certain Canadian withholding taxes, subject to detailed limitations.
The Toronto-Dominion Bank is offering senior unsecured Capped Leveraged Index Return Notes linked to the S&P 500 Index, with a maturity of approximately two years. These market-linked notes provide 2-to-1 leveraged exposure to positive Index performance, but gains are capped at a total return between 13.75% and 17.75%, set on the pricing date.
If the Index falls but by no more than 10%, investors receive back their $10 principal per unit; if it declines beyond 10%, losses increase 1-for-1 and up to 90% of principal can be lost. The notes pay no periodic interest and all payments occur at maturity, subject to TD’s credit risk. The initial estimated value is expected to be between $9.225 and $9.525 per unit versus a public offering price of $10.00, reflecting an underwriting discount of $0.20 and a hedging-related charge of $0.05 per unit, as well as TD’s internal funding rate and hedging costs.