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 Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The Notes pay a monthly contingent interest at an annual rate of approximately 7.90% only if, on each observation date, the closing value of each index is at or above 75% of its initial level. If any index is below this barrier, no interest is paid for that month.
TD can, at its discretion, call the Notes in whole on monthly dates starting with the twelfth interest payment date, returning the $1,000 principal per Note plus any interest due; no further payments are made after a call. If the Notes are not called, at maturity in 2030 investors receive $1,000 only if every index is at or above 70% of its initial level. If any index finishes below 70%, repayment of principal is reduced one-for-one with the percentage decline of the worst-performing index, up to a total loss of principal. The Notes are unsecured TD obligations with an estimated value of $936.60 per $1,000 Note, lower than the public offering price.
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes with Memory Interest linked to the iShares® Russell 2000 ETF (IWM), Invesco QQQ TrustSM, Series 1 (QQQ) and SPDR® S&P 500® ETF Trust (SPY). The Notes pay a contingent quarterly interest at a 9.00% per annum rate only if on each observation date the closing value of every ETF is at or above 70.00% of its Initial Value; missed coupons may be paid later under a memory feature.
The Notes are automatically called if on any call observation date each ETF is at or above 100.00% of its Initial Value, returning the $1,000 Principal Amount plus any due interest, after which no further payments are made. If not called and on the Final Valuation Date any ETF is below its 70.00% barrier, principal is reduced 1% for each 1% decline of the worst-performing ETF, 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 an exchange. The estimated value on the pricing date is expected to range from $945.00 to $980.00 per Note, below the $1,000 public offering price, and the U.S. tax disclosure treats them as prepaid derivative contracts with contingent interest taxed as ordinary income.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to the least performing of three ETFs: iShares Russell 2000 (IWM), Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF (SPY). The Notes pay a quarterly contingent interest at a 9.00% per annum rate only if, on each observation date, the closing value of every ETF is at or above its contingent interest barrier, set at 65% of its initial value.
The Notes are automatically called and repaid at par plus any due interest if all ETFs are at or above their initial value (100%) on a call observation date. If not called, and on the final valuation date any ETF closes below its 65% barrier, repayment is reduced in line with the full downside move of the worst-performing ETF, up to a complete loss of principal. The estimated value on the pricing date is $950–$985 per $1,000, below the public offering price, and the Notes are subject to TD’s credit risk, limited liquidity, and complex, uncertain U.S. tax treatment.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the S&P 500® Index. Each Note has a $1,000 principal amount, a term to December 24, 2030, and pays a 7.50% per annum contingent interest, calculated and paid monthly, only if on each observation date the index closes at or above a barrier set at 70.00% of the Initial Value. If the index is below this level on an observation date, no interest is paid for that month.
Starting with the twelfth monthly interest date, TD may, at its discretion, call the Notes in whole on any monthly call date, paying back the $1,000 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, the index is at or above the 70% barrier, investors receive the full principal (plus any due interest). If it is below the barrier, the maturity payment is reduced one-for-one with the index decline from the Initial Value, up to a 100% loss of principal.
The Notes are unsecured obligations of TD, not deposits, and are not insured by the CDIC, FDIC or any government agency. They will not be listed on any exchange. The estimated value on the pricing date is expected to be between $950.00 and $985.00 per Note, below the public offering price of $1,000, reflecting selling, structuring and hedging 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 pay a contingent annualized coupon of 9.30%, evaluated monthly, but only when the closing value of each index is at or above its contingent interest barrier, set at 75% of its initial level. If any index is below its barrier on an observation date, no interest is paid for that month.
TD can redeem the Notes in whole at its discretion on monthly call dates starting with the twelfth interest payment date, returning principal plus any due interest, after which no further payments are made. If the Notes are not called, principal repayment at maturity in 2030 depends on the worst-performing index relative to a barrier set at 65% of its initial level. If any index finishes below this barrier, investors lose 1% of principal for each 1% decline of the least performing index and could lose their entire investment.
The Notes are unsecured senior debt subject to TD’s credit risk, will not be listed on any exchange, and have an estimated value of $965.60 per $1,000 Note, below the public offering price, reflecting structuring and hedging costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the S&P 500 Index. Each Note has a $1,000 principal amount, a scheduled maturity on December 20, 2030, and pays a contingent interest rate of approximately 7.00% per year, credited monthly only when the index closing level is at or above the Contingent Interest Barrier of 4,705.001 (70% of the Initial Value of 6,721.43).
TD may, at its discretion, call the Notes monthly starting on the third 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, repayment at maturity depends on the Final Value versus the Barrier Value of 4,032.858 (60% of the Initial Value. If the Final Value is at or above the Barrier, investors receive their full $1,000 principal (plus any final interest). If it is below the Barrier, principal is reduced 1% for each 1% the index has fallen from the Initial Value, which can lead to a total loss of principal.
The public offering price is $1,000 per Note, with an underwriting discount of $13.50 and proceeds to TD of $986.50 per Note, or $1,282,450 on a total offering of $1,300,000. The estimated value at pricing was $975.40 per Note, below the public price, and the Notes will not be listed on any exchange. Payments depend entirely on TD’s creditworthiness.
The Toronto-Dominion Bank is issuing unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500. The Notes target a 10.20% per annum contingent interest, paid monthly only when each index is at or above 75% of its initial value on the relevant observation date.
The Notes mature in December 2027 and are callable monthly by TD starting on the sixth interest payment date at $1,000 per Note plus any due interest. If not called and any index finishes below 70% of its initial value, repayment is reduced one-for-one with the worst index’s loss, potentially to zero. The public offering price is $1,000 with estimated value of $973.70 per Note, there is no underwriting discount, and the initial issue size is $235,000. The Notes are not insured, not exchange-listed, and are expected to be treated for U.S. tax purposes as prepaid derivative contracts.
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, a scheduled maturity on December 22, 2027, and a contingent interest rate of approximately 8.15% per annum, paid monthly only when all three indexes close at or above 75% of their Initial Values on the relevant observation date.
TD may, at its discretion, call the Notes in whole on monthly call dates starting with the sixth interest payment date, returning the principal plus any due contingent interest, after which no further payments are owed. If the Notes are not called and on the Final Valuation Date any index finishes below 70% of its Initial Value, 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, are not insured by any governmental agency, will not be listed on an exchange and may have limited liquidity. The estimated value at pricing was $955.60 per Note, below the $1,000 public offering price, reflecting selling costs, structuring and hedging. The U.S. tax treatment is uncertain; TD and holders agree 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 worst performer of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index. Each Note has a $1,000 principal amount, matures on November 22, 2027, and pays monthly contingent interest at approximately 8.95% per annum only if, on each observation date, all three indices are at or above 70% of their initial values.
TD can, at its discretion, call the Notes in whole on any monthly call date starting with the third 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, at maturity, any index is below its 70% barrier, investors lose 1% of principal for each 1% decline in the worst-performing index and could lose their entire investment. The Notes are unsecured senior debt subject to TD’s credit risk, are not insured, and will not be listed. The estimated value on the pricing date is $947.70 per Note, below the $1,000 public offering price, reflecting selling costs and TD’s internal funding rate.
The Toronto-Dominion Bank is offering Autocallable Fixed Interest Barrier Notes linked to the least performing of Moderna, Palantir and Tesla common shares. The unsecured senior notes pay fixed monthly interest at an annual rate of approximately 26.00% ($21.667 per $1,000 Note each month) regardless of stock performance, unless the notes are automatically called.
The notes are automatically called, returning principal plus that month’s interest, if on any monthly Call Observation Date each stock closes at or above 100.00% of its Initial Value. If not called, principal repayment at maturity depends on each stock’s Final Value versus a Barrier Value set at 50.00% of its Initial Value.
If on the Final Valuation Date any stock finishes below its Barrier Value, holders lose 1% of principal for each 1% decline in the worst-performing stock and could lose their entire investment, though they still receive scheduled interest. The notes are not insured, will not be listed, are subject to TD’s credit risk, and have an estimated value between $915.00 and $950.00 per $1,000 Note, below the public offering price. TD will receive the net proceeds from the initial public offering of the Notes.
The Toronto-Dominion Bank is offering $5,262,000 of senior unsecured notes linked to an unequally weighted basket of five global equity indices. Each $1,000 note pays no interest and returns cash at maturity on January 20, 2028 based on basket performance from December 15, 2025 to January 18, 2028.
If the basket rises, investors earn 150.00% of the basket’s gain, but returns are capped at a maximum payment of $1,342.00 per $1,000, a 34.20% maximum gain. If the basket falls by up to 10.00%, principal is repaid. Below this 10.00% buffer, losses accelerate at approximately 1.1111% for every 1% drop beyond the buffer, and investors can lose their entire principal.
The basket weights are 38.00% EURO STOXX 50, 26.00% TOPIX, 17.00% FTSE 100, 11.00% Swiss Market Index and 8.00% S&P/ASX 200. The notes are unsecured obligations of TD, are not insured by the FDIC or Canada Deposit Insurance Corporation, will not be listed on an exchange, and have an initial estimated value of $973.70 per $1,000, below the $1,000 public offering price.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes linked to the least performing of Amazon.com, Inc., JPMorgan Chase & Co. and Visa Inc. Each Note has a $1,000 principal amount and a term to December 29, 2027, with a Pricing Date of December 23, 2025 and Issue Date of December 29, 2025.
The Notes pay a contingent interest payment at a 19.65% per annum rate, calculated monthly, only if on each observation date the closing value of every reference stock is at or above 69.00% of its Initial Value. The Notes are automatically called if, on any call observation date, each stock is at or above 100.00% of its Initial Value, in which case holders receive $1,000 plus any due interest and the product terminates early.
If the Notes are not called, repayment at maturity depends on the worst performer relative to its 82.00% Barrier Value. Full principal is repaid only if each final stock value is at or above its Barrier Value. Otherwise, repayment is reduced 1% for each 1% decline of the least performing stock from its Initial Value, up to a complete loss of principal. The Notes are unsecured obligations of TD, will not be listed on any exchange, and have an estimated initial value between $930.00 and $965.00 per $1,000 Note. The offering price is $1,000.00 per Note, with an underwriting discount of $7.50 and proceeds to TD of $992.50 per Note.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to Tesla, Inc. (TSLA). Each Note has a $1,000 principal amount and offers a 20.80% per annum contingent interest rate, paid quarterly only if Tesla’s closing price on an observation date is at or above a barrier set at 70.00% of the Initial Value. Missed interest can be paid later if the barrier is met under the memory feature.
The Notes may be automatically called if Tesla’s price on a call observation date is at or above 100.00% of the Initial Value, returning principal plus any due and unpaid interest, after which no further payments are made. If the Notes are not called and Tesla’s final value is below the 70.00% barrier, investors receive a Physical Delivery Amount of Tesla shares instead of cash, exposing them to any decline and potential loss of most or all of their investment. The estimated value on the pricing date is expected to be between $935.00 and $970.00 per Note, below the $1,000.00 public offering price, and all payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of Apple, Goldman Sachs and Intel common stock. The Notes target a 16.80% per annum contingent interest rate, paid monthly only when each stock closes at or above its Contingent Interest Barrier, set at 50% of its Initial Value.
TD may, at its discretion, call the Notes quarterly starting on the twelfth 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, any stock finishes below its 50% Barrier Value, repayment is reduced one-for-one with the decline of the worst-performing stock, and investors can lose up to their entire principal. The estimated value on the pricing date is expected between $910 and $945 per $1,000 Note, below the public offering price, and the Notes will not be listed on any exchange.
The Toronto-Dominion Bank is offering unsecured senior notes linked to the Nasdaq-100 Index® with a principal amount of $1,000 per Note and a total initial offering of $575,000. The term is approximately 54 weeks, from a December 19, 2025 issue date to a January 4, 2027 maturity.
If the index finishes at or above its initial level of 25,132.94, investors receive principal plus index gains, capped at a maximum upside return of 9.95%, or $1,099.50 per Note. If the index is below the initial level but at or above the 15% buffer level (21,362.999), investors earn a positive “contingent absolute return” of up to 15%. Below the buffer, losses are magnified by a downside leverage factor of about 1.1765, so declines beyond the buffer can lead to substantial loss or a complete loss of principal.
The Notes pay no interest, are not bail-inable, are not insured by any deposit insurer and will not be listed on an exchange, so liquidity may be limited and secondary market prices may be well below the $1,000 public offering price. The estimated value on the pricing date is $987.00 per Note, reflecting internal funding and hedging costs. Returns also depend on TD’s creditworthiness, and the document highlights complex U.S. and Canadian tax considerations.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the EURO STOXX 50® Index, maturing on August 13, 2027. The notes pay no interest. For each $1,000 invested, if the index’s final level on the valuation date is at least 85.00% of the initial level of 5,752.52, investors receive a fixed threshold settlement amount of $1,131.30, locking in a 13.13% total return.
If the final level is below the 85.00% threshold, the maturity payment falls below principal, with losses amplified by a downside multiplier of approximately 1.1765, and investors can lose their entire investment. The initial estimated value is $990.80 per $1,000 note, less than the public offering price. The aggregate principal offered is $1,131,000. The notes are not listed, involve TD’s credit risk, and carry complex U.S. and Canadian tax considerations.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the worst performer of three equity indexes: 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 pays a contingent coupon at an annual rate of approximately 11.20% only if, on a monthly observation date, every index closes at or above 70% of its initial level. TD can redeem the Notes in whole, starting on the third interest payment date, paying back principal plus any due interest, after which no further amounts are owed.
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 one‑for‑one with the decline of the worst-performing index, down to a possible full loss. The Notes are unsecured obligations subject to TD’s credit risk, will not be listed, and are expected to have an estimated value on the pricing date between $935 and $970 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering unsecured Senior Debt Securities, Series H, linked to the Nasdaq-100 Index®. Each Note has a $1,000 principal amount, a term of about 54 weeks, prices on December 16, 2025, and matures on January 4, 2027.
At maturity, if the index is at or above its Initial Level of 25,132.94, holders receive principal plus the index’s percentage gain, capped by a Maximum Upside Return of 14.25% (a maximum payment of $1,142.50 per Note. If the index is below the Initial Level but at or above the 10% Buffer Level, investors earn a positive “contingent absolute” return of 1% for each 1% decline, up to 10%. If the index closes below the Buffer Level, losses are magnified by a downside leverage factor of about 1.1111, and investors can lose some or all principal.
The Notes pay no interest, are not bail-inable or insured, and will not be listed, so liquidity may be limited and secondary prices may be below the public offering price. The total initial offering is $575,000, with proceeds to TD of $569,250. The estimated value at pricing is $987.20 per Note, below the $1,000 public price, and returns depend on both index performance and TD’s credit risk. The tax treatment in the U.S. and Canada is complex and uncertain.
The Toronto-Dominion Bank is offering senior unsecured Capped Buffered Notes linked to the S&P 500® Index. Each Note has a Principal Amount of $1,000, a Strike Date of December 16, 2025, and matures on December 23, 2027, with the Final Value based on the index level on December 20, 2027.
At maturity, if the index has risen, investors receive unleveraged upside subject to a Maximum Redemption Amount of $1,368.50 per Note, capping the maximum gain at 36.85%. If the index is flat or down but not below the Buffer Value of 6,120.234 (90.00% of the Initial Value of 6,800.26), investors receive their $1,000 principal. Below the Buffer Value, losses accelerate: investors lose 1% of principal for each 1% decline beyond the 10.00% buffer, up to a maximum loss of 90.00%.
The Notes pay no interest, are not insured deposits, and are subject to TD’s credit risk. The estimated value on the pricing date is expected to be between $960.00 and $995.00 per Note, less than the public offering price, reflecting selling costs, structuring, and hedging. Secondary market trading may be limited, and any sale before maturity could result in substantial loss regardless of index performance.
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 and provides unleveraged exposure to index gains from the Initial Value of 6,800.26, but the payout is capped at a Maximum Redemption Amount of $1,154.00 per Note, a 15.40% maximum return at maturity.
Downside is partially cushioned by a 10.00% Buffer Amount: if the Final Value is at or above the Buffer Value of 6,120.234 (90.00% of the Initial Value), investors receive their $1,000 principal back. If the Final Value is below the Buffer Value, repayment is reduced 1% for each additional 1% decline beyond the 10.00% buffer, and holders can lose up to 90.00% of principal.
The Notes pay no periodic interest, are not insured by the Canada Deposit Insurance Corporation or the U.S. Federal Deposit Insurance Corporation, and will not be listed on an exchange, so liquidity may be limited. Any payment is subject to TD’s credit risk. The estimated value on the Pricing Date is expected to be between $965.00 and $995.00 per Note, below the $1,000 public offering price, reflecting selling costs, hedging and TD’s internal funding rate. The U.S. tax treatment is uncertain, and purchasers agree to treat the Notes as prepaid derivative contracts on the index for U.S. federal income tax purposes.
The Toronto-Dominion Bank is offering senior unsecured Capped Buffered Notes linked to the S&P 500® Index, maturing on June 24, 2027. Each Note has a $1,000 principal amount, with unleveraged exposure to S&P 500 price returns only.
If the index rises, investors receive the principal plus the index gain, capped at a Maximum Redemption Amount of $1,236 per Note, which equals a maximum return of 23.60%. If the Final Value is at or below the Initial Value but at or above the Buffer Value of 90% of the Initial Value, investors receive their $1,000 principal back. Below the Buffer Value, investors lose 1% of principal for each 1% index decline beyond the 10% buffer, and can lose up to 90% of principal.
The Notes pay no periodic interest, are senior unsecured obligations of TD, and are not insured by any government agency or listed on any exchange. The estimated value on the pricing date is expected to be between $960 and $995 per $1,000 Note. U.S. tax treatment is intended as prepaid derivative contracts, but remains uncertain, and U.S. and non-U.S. investors are urged to review the detailed tax and risk disclosures.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. Each Note has a $1,000 principal amount and may pay a contingent interest at an approximate 9.85% per annum rate, but only if on each monthly observation date all three indices are at or above 70.00% of their Initial Values.
TD can, at its discretion, 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 closes below 60.00% of its Initial Value, repayment is reduced 1% for every 1% decline in the worst-performing index, up to a full loss of principal.
The Notes are not listed, involve complex risks, and all payments depend on TD’s credit. The estimated value on the pricing date is expected to be between $950.00 and $985.00 per $1,000 Note, less than the public offering price of $1,000, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is offering $10,603,000 of senior unsecured Contingent Income Auto-Callable Securities due December 17, 2026 linked to the worst performing of NVIDIA common stock and Taiwan Semiconductor ADRs. Each $1,000 security may pay a quarterly contingent coupon of $38.35, equivalent to 15.34% per annum, but only if on a determination date the closing price of each underlying is at or above 60.00% of its initial share price.
The notes are auto-callable: if on any non-final determination date both underlyings are at or above 100.00% of their initial share prices, investors receive $1,000 plus the coupon and the notes terminate. If held to maturity and the worst performing stock finishes below 60.00% of its initial price, repayment is reduced 1-to-1 with that decline and can fall to zero, so principal is fully at risk.
Investors do not participate in any upside of the underlying stocks and do not receive dividends. The securities are unsecured obligations of TD, subject to its credit risk, will not be listed on an exchange, and had an estimated value on the pricing date of $965.40 per $1,000 security, below the issue price.
The Toronto-Dominion Bank is offering senior unsecured Autocallable Contingent Interest Barrier Notes with Memory Interest linked to the worst performer of three ETFs: iShares Russell 2000 (IWM), Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY), in an offering totaling $4,430,000.
The Notes pay a contingent interest rate of 9.00% per annum, evaluated quarterly, but only if each ETF is at or above 65% of its Initial Value; missed coupons can be paid later under a memory feature. The Notes are automatically called if, on any call date, all three ETFs are at or above 100% of their Initial Values, returning the $1,000 principal per Note plus due interest. If not called and at maturity any ETF is below 65% of its Initial Value, repayment is reduced one-for-one with the worst ETF’s decline, and investors can lose their entire principal. The Notes are unsecured obligations subject to TD’s credit risk, are not insured, will not be listed on any exchange, and had an estimated value on the pricing date of $985.30 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering Contingent Income Auto-Callable Securities with daily coupon observation and a 6‑month initial non-call period, maturing on December 23, 2027. These senior unsecured notes are linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices and are principal-at-risk securities.
Investors may receive a contingent quarterly coupon of $26.00 per $1,000 security (10.40% per annum) only if, on every trading day in a quarter, each index stays at or above 75.00% of its initial level. The notes can be automatically redeemed if all indices are at or above 100.00% of their initial levels on specified observation period end-dates. If, at maturity, any index is below 75.00% of its initial level, repayment is reduced 1‑for‑1 with the worst index’s loss and can fall to zero, so investors may lose all principal. All payments depend on TD’s credit; the notes will not be listed, and the estimated initial value is expected between $935.00 and $970.00 per $1,000.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average, Russell 2000 and S&P 500. The notes pay contingent monthly interest at an annual rate of 8.85% only when on each observation date all three indices are at or above 70% of their initial level. TD can call the notes in whole on monthly dates starting with the third interest payment date, returning the $1,000 principal per note plus any due interest, after which no further payments are made.
If the notes are not called, principal repayment at maturity in 2028 depends on the worst-performing index versus a 60% barrier. If any index finishes below this barrier, principal is reduced one-for-one with the percentage decline of the worst index and can fall to zero. The notes are unsecured senior debt, not insured deposits, will not be listed on an exchange, and had an estimated value at pricing of $980.90 per $1,000 note versus a $1,000 public offering price.
The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes linked to the least performing of Broadcom (AVGO), Alphabet Class C (GOOG) and Netflix (NFLX). The Notes pay a contingent interest at an annual rate of 18.75% only if, on each monthly observation date, the closing value of every stock is at or above its contingent interest barrier set at 60.00% of its initial value.
The Notes can be automatically called monthly starting June 22, 2026 if each stock is at or above 100.00% of its initial value, in which case investors receive the $1,000 principal per Note plus any due interest and the product terminates early. If not called, at maturity on December 28, 2028, full principal is repaid only if each stock stays at or above a barrier of 50.00% of its initial value; otherwise, repayment is reduced one-for-one with the decline of the worst stock and investors can lose their entire principal. The Notes are senior unsecured obligations of TD, not listed on an exchange, and their estimated value on the pricing date is expected to be between $875.00 and $910.00 per $1,000 Note, below the public offering price.
The Toronto-Dominion Bank is offering senior unsecured market-linked notes tied to the worst performer among Broadcom, Alphabet Class A, Meta Platforms and NVIDIA, maturing on December 15, 2028. Each note has a $1,000 face amount and a 19.00% per annum contingent coupon paid monthly only if, on the calculation day, the lowest performing stock is at or above 60% of its starting price; missed coupons can be paid later under a memory feature.
From March 2026 to November 2028, if the lowest performing stock is at or above its starting price on a calculation day, the notes are automatically called at par plus the applicable coupon and any unpaid coupons. If not called, investors receive $1,000 at maturity only if the lowest stock on the final calculation day is at or above its 60% downside threshold; otherwise, repayment is reduced in proportion to that stock’s decline, with losses greater than 40% and up to total loss of principal.
The original offering price is $1,000 per note, while the Bank’s estimated value is $921.30 per note. The notes are senior unsecured obligations subject to TD’s credit risk, are not insured by CDIC or FDIC, will not be listed on an exchange, and may have limited or no secondary market liquidity.
The Toronto-Dominion Bank is issuing senior unsecured Autocallable Fixed Interest Barrier Notes linked to the worst performer of Chipotle Mexican Grill, Robinhood Markets and Moderna common stock. Each $1,000 note pays fixed monthly interest of $20.917, equal to about 25.10% per year, while the notes remain outstanding.
The notes are automatically called, returning principal plus that month’s interest, if on any monthly observation date from March to November 2026 all three stocks are at or above their initial levels. If not called, at maturity in December 2026 investors receive $1,000 only if each final stock price is at or above its barrier, set at 50.00% of its initial level; otherwise principal is reduced one-for-one with the decline of the worst performer, and the entire amount can be lost.
The notes are senior debt of TD, not deposits, not insured by any government agency, and not listed on an exchange, so secondary liquidity may be limited. The public offering price is $1,000 per note, while TD estimates their value on the pricing date at $945.70, reflecting selling, structuring and hedging costs. Investors also face TD credit risk, complex U.S. and Canadian tax treatment, potential conflicts of interest in TD’s hedging and calculation-agent roles, and reinvestment risk if the notes are called early.
The Toronto-Dominion Bank is offering senior unsecured market-linked securities tied to the lowest-performing of Amazon, Broadcom, Alphabet Class A and NVIDIA, maturing in December 2028. Each note has a $1,000 face amount and pays a 15.50% per annum contingent coupon, due monthly only when the lowest-performing stock closes at or above its coupon threshold, set at 50% of its starting price. Missed coupons can be repaid later under the memory feature if the condition is again met.
The notes are auto-callable from March 2026 to November 2028 if the lowest-performing stock closes at or above its starting price, in which case investors receive $1,000 plus the due and previously unpaid coupons. If not called, principal at maturity is fully protected only if the lowest-performing stock stays at or above its 50% downside threshold; otherwise investors lose more than 50%, up to all principal. The estimated value is $925.40 per security, below the $1,000 offering price. The issue size is $3,085,000, with proceeds to TD of $3,013,273.75, and the notes are not insured or exchange-listed.
The Toronto-Dominion Bank is offering senior unsecured Notes linked to the S&P 500® Index, maturing on May 17, 2027. The Notes pay no interest and your payout depends entirely on how the index performs from the pricing date to the valuation date.
For each $1,000 Note, if the index rises above the initial level of 6,827.41, you earn 150% of the percentage gain, but your payout is capped at $1,202.95, a maximum return of 20.295%. If the index is unchanged, you receive only your $1,000 principal. If it falls, you lose 1% of principal for every 1% decline and could lose your entire investment.
The initial estimated value is $982.50 per $1,000, below the public offering price, reflecting fees, hedging costs and TD’s internal funding rate. The aggregate principal amount offered is $1,400,000, the Notes will not be listed on any exchange, and any payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is offering senior unsecured notes linked to the common stock of Fluor Corporation (FLR), with a principal amount of $1,000 per note and a term of about 54 weeks. The Initial Price of FLR is $43.60 and the Barrier Price is $28.34, or 65.00% of the Initial Price.
On each quarterly Review Date, investors receive a Contingent Interest Payment of $47.975 per $1,000 note if FLR’s closing price is at or above the Barrier, with a “memory” feature that can pay previously missed interest later. If on any non-final Review Date FLR closes at or above the Initial Price, the notes are automatically called and repay principal plus any due contingent interest.
If the notes are not called and on the Final Review Date FLR is at or above the Barrier, TD repays principal; if FLR is below the Barrier, repayment is reduced 1% for each 1% decline from the Initial Price, up to a total loss of principal. The estimated value on the pricing date is $976.10 per note, below the $1,000 public offering price. The notes are unsecured, not insured, will not be listed, and involve market, liquidity, credit and complex tax risks.
The Toronto-Dominion Bank is offering 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. The Notes pay a contingent interest payment at an annual rate of approximately 10.90% only if, on each monthly observation date, the closing value of every index is at or above 70% of its initial value; otherwise no interest is paid for that period. TD can, in its discretion, call the Notes in whole on monthly call dates starting with the third interest payment date, returning principal plus any due interest, after which no further amounts are owed.
If the Notes are not called and on the final valuation date any index closes below 60% of its initial value, repayment of principal is reduced one-for-one with the decline of the worst-performing index, and investors can lose all of their investment. The Notes are senior unsecured debt subject to TD’s credit risk, will not be listed on any exchange, and have an estimated value on the pricing date between $940 and $975 per $1,000 Note, which is lower than the public offering price.
The Toronto-Dominion Bank plans to issue Callable Contingent Interest Barrier Notes linked to the worst performer of the Dow Jones Industrial Average®, Nasdaq-100 Index® and Russell 2000® Index. Each Note has a $1,000 principal amount and is scheduled to mature on December 28, 2028, unless TD exercises its monthly issuer call feature starting on the third interest payment date.
The Notes pay a contingent interest rate of approximately 11.00% per annum, but interest is only paid for a period if, on the related observation date, the closing value of each index is at least 70.00% of its initial value. If TD calls the Notes, investors receive $1,000 per Note plus any due interest, and no further payments.
If the Notes are not called and, on the final valuation date, any index is below 70.00% of its initial value, repayment of principal is reduced one‑for‑one with the decline of the worst-performing index, and investors can lose up to 100% of principal. The estimated initial value is expected to be $950.00–$985.00 per Note, below the $1,000 public offering price, and payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is offering unsecured Callable Contingent Interest Barrier Notes linked to the Nasdaq-100, Russell 2000 and S&P 500 indexes. The Notes target an approximate 9.20% per annum contingent interest, paid monthly only when, on each observation date, every index closes at or above 75% of its Initial Value. If any index is below this level, no interest is paid for that month.
TD can, at its discretion, call the Notes in whole on monthly call dates starting with the twelfth 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, they mature on September 24, 2030. At maturity, if every index is at or above 65% of its Initial Value, investors receive full principal (plus any due interest); otherwise, principal is reduced 1-for-1 with the decline of the worst-performing index and can be fully lost.
The Notes are senior debt of TD, subject to TD’s credit risk, not insured by any government agency, and will not be listed. The estimated value on the pricing date is expected to be between $930 and $965 per $1,000 Note, below the public offering price, reflecting structuring and hedging costs.
The Toronto-Dominion Bank is offering 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 212.15% on the positive return of the least performing reference asset, a valuation date on December 23, 2030 and a maturity date on December 27, 2030.
If the final value of each reference asset is above its initial value, investors receive $1,000 plus $1,000 multiplied by the least performing percentage change and the 212.15% leverage factor. If any reference asset finishes at or below its initial value but all remain at or above 65% of their initial value, investors receive only their $1,000 principal. If any reference asset finishes below 65% of its initial value, repayment is reduced one-for-one with the decline in the worst performer and investors can lose their entire principal.
The notes pay no interest, are senior unsecured obligations of TD, will not be listed on any exchange, and any payment is subject to TD’s credit risk. The estimated value on the pricing date is expected to be between $930 and $965 per $1,000 Note, less than the public offering price of $1,000.
The Toronto-Dominion Bank is offering approximately 2-year S&P 500® Index-linked Notes with a $1,000 principal amount per Note and a minimum investment of $10,000. At maturity, if the S&P 500® Final Level is at or above the Initial Level of 6,827.41, investors receive principal plus the index gain, capped by a Maximum Upside Return of 17.70%, or $1,177 per Note.
If the index is below the Initial Level but at or above the 20.00% Buffer Level (80% of the Initial Level), investors earn a positive “contingent absolute return” of 1% for each 1% decline, up to 20%. If the index finishes below the Buffer Level, principal is exposed to leveraged downside: investors lose 1.25% for each 1% decline beyond the 20% buffer and can lose their entire investment. The Notes pay no interest, are unsecured senior debt of TD, are not insured, will not be listed on an exchange, and have an estimated value of $980.30 per $1,000, below the public offering price, reflecting fees, hedging costs and TD’s internal funding rate. Returns also depend on TD’s credit and complex U.S./Canadian tax treatment.
The Toronto-Dominion Bank is offering senior unsecured 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 9.75% per annum, paid quarterly only if on each observation date all three indices are at or above 70% of their Initial Values. TD may, at its discretion, call the Notes quarterly starting on 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, at maturity in December 2028 investors receive $1,000 per Note only if each index finishes at or above 65% of its Initial Value (the Barrier Value). If any index ends below its Barrier Value, repayment is reduced 1% for every 1% decline in the worst-performing index, and investors can lose their entire principal. The estimated value on the pricing date is expected to be $950–$985 per $1,000 Note, lower than the public offering price, and the Notes are unsecured, not insured deposits, and will not be listed on any exchange.
The Toronto-Dominion Bank is offering senior unsecured Market Linked Securities, Series H, that are auto-callable, contingent coupon notes linked to the lowest performing of Eaton Corporation plc, Morgan Stanley, and Palo Alto Networks, Inc. common stocks, maturing on December 23, 2027.
Each security has a $1,000 face amount, an original offering price of $1,000, agent discount of $20.75 and proceeds to the bank of $979.25 per security. The contingent coupon rate will be at least 17.10% per annum, paid monthly only if the lowest performing stock on the relevant calculation day is at or above 70% of its starting price, with a “memory” feature that can pay previously missed coupons.
The notes are automatically called from March 2026 to November 2027 if the lowest performing stock is at or above its starting price, returning the face amount plus due coupons. If not called, principal is protected only if the lowest performing stock on the final calculation day is at or above 70% of its starting price; otherwise investors lose more than 30%, up to all, of principal. The estimated value on the pricing date is expected between $910 and $945 per security, below the offering price, and all payments are subject to TD’s credit risk with no listing on any exchange.
The Toronto-Dominion Bank is offering senior unsecured structured notes linked to the S&P 500® Index, with an aggregate principal amount of $6,196,000 and a public offering price of $1,000 per note. The notes pay no interest and mature on April 7, 2027, with the payoff based solely on the index level on the valuation date.
If the final index level is at or above 90.00% of the initial level of 6,886.68, holders receive a fixed threshold settlement amount of $1,122 per $1,000 note (a 12.2% return). If the final level is below the 90% threshold, investors lose principal at a downside multiplier of approximately 1.1111, and can lose their entire investment.
The notes are unsecured obligations of TD, are not insured by any government agency, and will not be listed on any exchange. TD’s initial estimated value is $996.40 per $1,000, below the public offering price, reflecting internal funding and structuring costs, and secondary market values are expected to be below the offering price with limited or no liquidity.
The Toronto-Dominion Bank is offering Autocallable Fixed Interest Barrier Notes tied to the worst performer among Chipotle, Robinhood and Moderna common stock. The Notes pay fixed monthly interest of $20.917 per $1,000 Principal Amount, equal to approximately 25.10% per annum, regardless of stock performance while the Notes remain outstanding.
The Notes are automatically called on monthly observation dates if each stock closes at or above 100.00% of its Initial Value, returning the $1,000 principal plus that month’s interest, with no further payments. If not called, investors receive principal back at maturity only if each Final Value is at least 50.00% of its Initial Value; otherwise repayment is reduced one-for-one with the decline in the worst-performing stock, up to a total loss of principal.
The Notes are unsecured senior debt of TD, will not be listed, and carry TD’s credit risk. Their estimated value on the pricing date is expected to be between $910.00 and $945.00 per Note, below the $1,000.00 public offering price, reflecting selling costs, hedging and TD’s internal funding rate.
The Toronto-Dominion Bank is offering Callable Contingent Interest Barrier Notes linked to the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index. The notes pay contingent monthly interest at an annual rate of 8.85% only if, on each observation date, every index is at or above 70% of its initial level; otherwise no interest is paid for that period.
TD may call the notes monthly starting on the third interest payment date, returning the $1,000 principal per note plus any due interest, after which no further payments are made. If the notes are not called and any index is below 60% of its initial level at final valuation, repayment is $1,000 plus $1,000 times the worst index’s percentage change, so holders lose 1% of principal for each 1% decline and can lose the entire amount.
The notes are unsecured senior debt of TD, not insured by any government agency and will not be listed on an exchange. The estimated value at pricing is expected to be $950–$985 per $1,000 note, lower than the public offering price, reflecting selling costs, structuring and hedging.
The Toronto-Dominion Bank is offering senior unsecured equity-linked notes that run to October 1, 2026, tied to the lowest performing of Amazon, Broadcom, Alphabet Class A and NVIDIA shares. These securities pay monthly contingent coupons at a rate set on the pricing date, with a minimum of 10.50% per annum, but only if the lowest-performing stock on each calculation day closes at or above 60% of its starting price. Missed coupons can be paid later under a memory feature.
The notes are auto-callable on any monthly date from March to August 2026 if the lowest-performing stock is at or above its starting price, returning face amount plus the applicable coupon and unpaid coupons. If not called, investors receive full principal at maturity only if the lowest-performing stock is at or above 50% of its starting price; otherwise repayment is reduced proportionally, creating the possibility of losing more than 50% and up to all principal.
Investors do not participate in any stock upside and receive no dividends. The estimated value at pricing is expected between $920 and $955 per $1,000 note, below the offering price. The securities are uninsured, senior unsecured obligations of TD, not listed on any exchange, with an agent discount of $15.75 and proceeds to TD of $984.25 per security.
The Toronto-Dominion Bank is offering senior, unsecured notes that pay no interest and provide exposure to an unequally weighted basket of five equity indices: EURO STOXX 50® (38%), TOPIX (26%), FTSE® 100 (17%), Swiss Market Index (11%) and S&P/ASX 200 (8%). The notes are expected to mature in about 24–27 months.
At maturity, investors receive leveraged upside of 150% of the basket’s positive percentage change, capped at a maximum payment between $1,327.60 and $1,384.45 per $1,000 of principal (a maximum return of 32.760% to 38.445%). If the basket falls up to 10%, principal is returned. Below a 10% decline, losses accelerate at about 1.1111% for every 1% drop beyond the 10% buffer, and investors can lose their entire principal.
The notes will not be listed on an exchange, are subject to TD’s credit risk, and are not insured by any deposit insurer. The initial estimated value is expected to be $940.40–$970.40 per $1,000, reflecting structuring and hedging costs. U.S. tax disclosure states the notes are intended to be treated as prepaid derivative contracts, though alternative tax characterizations are possible.
The Toronto-Dominion Bank is issuing callable contingent interest barrier notes linked to the least-performing of the Russell 2000 and S&P 500 indexes. The notes target an annual contingent interest rate of approximately 9.10%, paid monthly only when on each observation date both indexes close at or above 65% of their initial values. TD can redeem the notes early, starting with the third contingent interest payment date, by paying the $1,000 principal per note plus any due interest.
If the notes are not called and on the final valuation date either index closes below 65% of its initial value, repayment of principal is reduced point-for-point with the decline of the worst-performing index, down to a possible total loss of the $1,000 principal. The notes are senior unsecured obligations of TD, are not insured and will not be listed on any exchange. The initial estimated value is $991.90 per $1,000 note, below the $1,000 public offering price, and the product involves complex market, credit, liquidity and tax risks.
The Toronto-Dominion Bank is offering senior unsecured Step Down Autocallable Barrier Notes linked to the least performing of Apple, Alphabet (Class C), NVIDIA and Tesla common stock. Each Note has a $1,000 principal amount, a Pricing Date of December 12, 2025 and a scheduled Maturity Date of December 15, 2028, unless called earlier.
The Notes may be automatically called if on a Call Observation Date the closing value of each stock is at or above its Call Threshold Value, starting at 100% of its initial value and stepping down to 80% and then 60%. If called, investors receive $1,000 plus a Call Premium based on a 31.40% per annum Call Rate, with Call Prices of $1,314, $1,628 or $1,942 per Note depending on when they are called.
If the Notes are never called and on the Final Valuation Date any stock finishes below its Barrier Value (50% of its initial value), repayment is reduced one-for-one with the worst performer’s decline, down to possible total loss of principal. The Notes pay no interest, do not provide dividends from the stocks, 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 $870.00 and $905.00 per Note, less than the $1,000 public offering price.
The Toronto-Dominion Bank is issuing 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 have a principal amount of $1,000 per note, an aggregate public offering price of $8,905,000 and mature on December 9, 2027, unless called earlier.
Investors may receive a contingent interest rate of approximately 10.18% per annum, paid monthly only if on each observation date all three indexes stay at or above 70% of their initial levels. If TD calls the notes on a quarterly date starting with the third interest date, holders receive principal plus any due interest and the product terminates. If the notes are not called and any index finishes below 65% of its initial level at maturity, repayment of principal is reduced one-for-one with the decline of the worst-performing index, potentially down to zero. The notes are unsecured obligations of TD, will not be listed, and their estimated value on the pricing date is $991.10 per $1,000 note.
The Toronto-Dominion Bank is offering unsecured Autocallable Contingent Interest Barrier Notes linked to the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. The Notes can pay a contingent coupon at a 9.75% per annum rate, but only if, on monthly observation dates, each index is at or above a barrier set at 75% of its initial value. If any index is below its barrier on an observation date, no interest is paid for that period.
The Notes are automatically called if, on semiannual call dates, all three indices are at or above 100% of their initial value, in which case investors receive principal plus any due interest and the product terminates early. If the Notes are not called and, at maturity, any index has fallen below 65% of its initial value, principal is reduced one-for-one with the worst index’s loss, up to a complete loss of the $1,000 principal per Note. The estimated initial value is expected to be below the $1,000 public offering price, and all payments are subject to TD’s credit risk.
The Toronto-Dominion Bank is issuing autocallable contingent interest barrier notes linked to the least-performing of Oracle (ORCL), S&P Global (SPGI) and UnitedHealth Group (UNH). The notes pay a monthly contingent coupon at an annual rate of 16.35% only if, on each observation date, the closing value of every stock is at or above 50% of its Initial Value. The notes can be automatically called monthly from March 4, 2026 to May 4, 2027 if all three stocks are at or above 100% of their Initial Values, returning the $1,000 principal per note plus any due interest.
If the notes are not called and on the final valuation date any stock is below its 50% barrier, repayment of principal is reduced one-for-one with the percentage decline of the worst performer, down to a possible total loss. The notes are senior unsecured obligations of TD, are not insured by CDIC or FDIC and will not be listed on an exchange. The public offering price is $1,000 per note (total $250,000), with an estimated value of $956.60 per note, and the U.S. tax treatment is described as prepaid derivative contracts with ordinary-income treatment for contingent interest.
The Toronto-Dominion Bank is offering senior unsecured Callable Contingent Interest Barrier Notes linked to the least performing of the Dow Jones Industrial Average®, the Russell 2000® Index and the S&P 500® Equal Weight Index. Each Note has a $1,000 principal amount, is issued in U.S. dollars, and is scheduled to mature on December 7, 2029.
The Notes pay a contingent monthly coupon at an annual rate of approximately 8.80%, but only if on each observation date all three indices are at or above 70% of their initial values. TD may call the Notes quarterly, starting with the third interest payment date, returning principal plus any due interest, after which no further payments are owed. If the Notes are not called and on the final valuation date any index is below its 60% barrier, repayment of principal is reduced one-for-one with the worst index decline, up to a total loss. The estimated value on the pricing date is $979.10 per Note versus a $1,000 public offering price, and the Notes will not be listed on any exchange.