[FWP] Toronto Dominion Bank Free Writing Prospectus
The Free Writing Prospectus outlines the terms of Autocallable Market-Linked Step Up Notes to be issued by The Toronto-Dominion Bank (TD) and linked to the Russell 2000 Index (RTY). Each note has a $10 principal and a tenor of approximately five years. The notes pay no coupons and are not listed on any exchange.
Automatic call feature: On each of the four annual Observation Dates the notes will be redeemed if RTY closes at, or above, its Starting Value. The projected Call Amounts range from $10.85–$10.95 in year 1 (≈8.5-9.5% premium) up to $13.40–$13.80 in year 4 (≈34-38% premium). Early redemption caps further upside potential.
Payout at maturity (if not called):
- If RTY is flat or up to +45% versus the Starting Value, investors receive the principal plus a fixed $4.50 Step-Up Payment (45% total return).
- If RTY is above +45%, investors participate 1-for-1 in all further gains.
- If RTY is below the Starting Value, repayment declines point-for-point with the index; the Threshold Value equals 100%, so any decline erodes principal, down to total loss at a -100% move.
Key risks called out in the term sheet include: full downside exposure below the Starting Value, limited upside if called, TD credit risk, a secondary-market price expected to be below the public offering price, and exposure to small-cap volatility inherent in RTY.
Investors should review the linked Preliminary Offering Documents and risk disclosures before purchasing the notes.
Il Free Writing Prospectus descrive i termini delle Autocallable Market-Linked Step Up Notes emesse da The Toronto-Dominion Bank (TD) e collegate all'Indice Russell 2000 (RTY). Ogni nota ha un capitale nominale di 10$ e una durata di circa cinque anni. Le note non pagano cedole e non sono quotate in alcun mercato.
Caratteristica di richiamo automatico: In ognuna delle quattro date annuali di osservazione, le note saranno rimborsate se RTY chiude pari o superiore al valore iniziale. Gli importi di richiamo previsti variano da 10,85$ a 10,95$ nel primo anno (circa 8,5-9,5% di premio) fino a 13,40$-13,80$ nel quarto anno (circa 34-38% di premio). Il rimborso anticipato limita ulteriormente il potenziale di guadagno.
Pagamento a scadenza (se non richiamate):
- Se RTY è stabile o in aumento fino al +45% rispetto al valore iniziale, gli investitori ricevono il capitale più un pagamento fisso di 4,50$ Step-Up (rendimento totale del 45%).
- Se RTY supera il +45%, gli investitori partecipano 1 a 1 a tutti i guadagni ulteriori.
- Se RTY è inferiore al valore iniziale, il rimborso diminuisce punto per punto con l’indice; il valore soglia è pari al 100%, quindi qualsiasi calo riduce il capitale fino alla perdita totale in caso di un ribasso del -100%.
Rischi principali evidenziati nel term sheet includono: esposizione totale alle perdite sotto il valore iniziale, limitato potenziale di guadagno in caso di richiamo, rischio di credito di TD, prezzo di mercato secondario previsto inferiore al prezzo di offerta pubblica, e esposizione alla volatilità delle small cap insita in RTY.
Gli investitori dovrebbero consultare i documenti preliminari di offerta collegati e le informazioni sui rischi prima di acquistare le note.
El Free Writing Prospectus detalla los términos de las Notas Autollamables Market-Linked Step Up emitidas por The Toronto-Dominion Bank (TD) y vinculadas al Índice Russell 2000 (RTY). Cada nota tiene un principal de 10$ y un plazo de aproximadamente cinco años. Las notas no pagan cupones y no están listadas en ninguna bolsa.
Función de llamada automática: En cada una de las cuatro fechas anuales de observación, las notas serán redimidas si RTY cierra en o por encima de su valor inicial. Los montos proyectados de llamada van desde 10,85$ a 10,95$ en el año 1 (≈8.5-9.5% de prima) hasta 13,40$-13,80$ en el año 4 (≈34-38% de prima). El reembolso anticipado limita el potencial de ganancia adicional.
Pago al vencimiento (si no son llamadas):
- Si RTY está estable o sube hasta un +45% respecto al valor inicial, los inversores reciben el principal más un pago fijo de 4,50$ Step-Up (retorno total del 45%).
- Si RTY supera el +45%, los inversores participan 1 a 1 en todas las ganancias adicionales.
- Si RTY está por debajo del valor inicial, el reembolso disminuye punto por punto con el índice; el Valor Umbral es 100%, por lo que cualquier caída reduce el principal hasta la pérdida total en un movimiento del -100%.
Riesgos clave mencionados en el term sheet incluyen: exposición total a pérdidas bajo el valor inicial, ganancia limitada si se llama, riesgo crediticio de TD, precio en el mercado secundario esperado por debajo del precio de oferta pública, y exposición a la volatilidad de small caps inherente a RTY.
Los inversores deben revisar los Documentos Preliminares de Oferta vinculados y las divulgaciones de riesgo antes de comprar las notas.
본 Free Writing Prospectus는 The Toronto-Dominion Bank(TD)가 발행하고 Russell 2000 지수(RTY)에 연동된 Autocallable Market-Linked Step Up Notes의 조건을 설명합니다. 각 노트는 10달러 원금과 약 5년 만기를 가집니다. 노트는 이자 쿠폰을 지급하지 않으며 어떤 거래소에도 상장되어 있지 않습니다.
자동 상환 기능: 매년 4회의 관찰일마다 RTY가 시작가 이상으로 마감하면 노트가 상환됩니다. 예상 상환 금액은 1년 차에 10.85달러~10.95달러(약 8.5~9.5% 프리미엄)에서 4년 차에는 13.40달러~13.80달러(약 34~38% 프리미엄)까지입니다. 조기 상환은 추가 상승 잠재력을 제한합니다.
만기 시 지급 (상환되지 않은 경우):
- RTY가 시작가 대비 변동 없거나 +45% 이내 상승 시 투자자는 원금과 고정된 4.50달러 Step-Up 지급액(총 45% 수익)을 받습니다.
- RTY가 +45% 이상 상승하면 투자자는 추가 상승분에 대해 1대1로 참여합니다.
- RTY가 시작가 아래일 경우 상환금은 지수 하락폭에 따라 점진적으로 감소하며, 임계값은 100%로 하락 시 원금 손실이 발생해 -100% 하락 시 전액 손실됩니다.
주요 위험으로는 시작가 이하에서 전액 손실 가능성, 조기 상환 시 제한된 상승 잠재력, TD 신용 위험, 공모가 대비 낮은 2차 시장 가격, 그리고 RTY에 내재된 소형주 변동성 노출 등이 명시되어 있습니다.
투자자는 노트를 구매하기 전에 관련 예비공모 문서와 위험 공시를 반드시 검토해야 합니다.
Le Free Writing Prospectus présente les conditions des Autocallable Market-Linked Step Up Notes émises par The Toronto-Dominion Bank (TD) et liées à l'indice Russell 2000 (RTY). Chaque note a un capital de 10$ et une durée d'environ cinq ans. Ces notes ne versent aucun coupon et ne sont pas cotées en bourse.
Caractéristique de rappel automatique : À chacune des quatre dates d’observation annuelles, les notes seront remboursées si le RTY clôture au-dessus ou à son niveau initial. Les montants de remboursement prévus vont de 10,85$ à 10,95$ la première année (≈8,5-9,5% de prime) jusqu’à 13,40$-13,80$ la quatrième année (≈34-38% de prime). Le remboursement anticipé limite le potentiel de hausse.
Remboursement à l’échéance (si non rappelées) :
- Si le RTY est stable ou en hausse jusqu’à +45% par rapport à la valeur initiale, les investisseurs reçoivent le capital plus un paiement fixe de 4,50$ Step-Up (rendement total de 45%).
- Si le RTY dépasse +45%, les investisseurs participent au-delà des gains à hauteur de 1 pour 1.
- Si le RTY est en dessous de la valeur initiale, le remboursement diminue au prorata avec l’indice ; la valeur seuil est de 100%, toute baisse érode donc le capital jusqu’à une perte totale en cas de baisse de -100%.
Risques clés mentionnés dans la fiche descriptive incluent : exposition totale à la baisse sous la valeur initiale, potentiel de gain limité en cas de rappel, risque de crédit TD, prix sur le marché secondaire attendu en dessous du prix d’offre publique, et exposition à la volatilité des small caps inhérente au RTY.
Les investisseurs doivent consulter les documents préliminaires d’offre liés ainsi que les informations sur les risques avant d’acheter ces notes.
Das Free Writing Prospectus beschreibt die Bedingungen der von The Toronto-Dominion Bank (TD) ausgegebenen Autocallable Market-Linked Step Up Notes, die an den Russell 2000 Index (RTY) gekoppelt sind. Jede Note hat einen Nominalwert von 10$ und eine Laufzeit von etwa fünf Jahren. Die Notes zahlen keine Kupons und sind nicht an einer Börse gelistet.
Automatische Rückruf-Funktion: An jedem der vier jährlichen Beobachtungstermine werden die Notes zurückgezahlt, wenn der RTY auf oder über dem Startwert schließt. Die prognostizierten Rückzahlungsbeträge liegen im ersten Jahr zwischen 10,85$ und 10,95$ (≈8,5-9,5% Prämie) und im vierten Jahr zwischen 13,40$ und 13,80$ (≈34-38% Prämie). Eine vorzeitige Rückzahlung begrenzt weiteres Aufwärtspotenzial.
Auszahlung bei Fälligkeit (wenn nicht zurückgerufen):
- Liegt der RTY stabil oder bis zu +45% über dem Startwert, erhalten Anleger den Nominalbetrag plus eine feste 4,50$ Step-Up Zahlung (insgesamt 45% Rendite).
- Liegt der RTY über +45%, partizipieren Anleger 1:1 an allen weiteren Gewinnen.
- Liegt der RTY unter dem Startwert, verringert sich die Rückzahlung punktgenau mit dem Index; der Schwellenwert beträgt 100%, sodass ein Rückgang das Kapital mindert bis zum Totalverlust bei -100% Bewegung.
Wesentliche Risiken, die im Term Sheet genannt werden, umfassen: volles Verlustrisiko unterhalb des Startwerts, begrenztes Aufwärtspotenzial bei Rückruf, TD-Kreditrisiko, einen Sekundärmarktpreis, der voraussichtlich unter dem öffentlichen Ausgabepreis liegt, sowie die Volatilität von Small Caps, die im RTY enthalten ist.
Anleger sollten die verlinkten vorläufigen Angebotsunterlagen und Risikoaufklärungen vor dem Kauf der Notes sorgfältig prüfen.
- 45% fixed ‘Step-Up’ return if the Russell 2000 is flat or modestly higher at maturity provides an above-market payoff versus holding the index.
- Escalating call premiums of up to ≈38% allow investors to realize attractive gains in as little as one year if the index performs.
- Unlimited upside participation above a +45% move offers potential for higher returns relative to capped structured notes.
- No downside buffer: any decline in RTY below the Starting Value erodes principal on a 1-for-1 basis, up to total loss.
- Automatic call limits upside beyond scheduled premiums, transferring favorable scenarios back to the issuer.
- Credit risk of TD; repayment depends on TD’s ability to meet obligations.
- No secondary-market liquidity or exchange listing, likely resulting in sizable bid-ask spreads and price concessions.
- Initial estimated value below offer price means investors pay an upfront premium over fair value.
Insights
TL;DR: Attractive 45% fixed upside but 100% downside begins immediately; auto-call feature likely limits participation in large rallies.
Valuation & Structure: A 45% Step-Up on flat performance is generous versus typical five-year autocallables, but the 100% threshold means investors assume full equity risk from day one. Annual call premiums (≈8.5–9.5%, 17–19%, 25.5–28.5%, 34–38%) imply TD expects modest index performance and seeks to cap its liability via early calls.
Risk/Reward: Reward is front-loaded; if RTY drifts sideways the investor wins, yet probability-weighted downside is significant given small-cap volatility. The note’s initial estimated value is below issue price, indicating an imbedded placement fee and hedging costs. Absence of coupons and illiquidity further reduce attractiveness.
Investor Fit: Suitable only for investors with a bullish-to-neutral view on RTY who can tolerate credit and market risk, and who prefer defined, albeit capped, payouts over direct equity exposure.
TL;DR: Product shifts equity risk to investors while adding TD credit exposure and liquidity constraints—overall risk profile is high.
The 1:1 downside, absence of principal protection, and 100% threshold create equity-like risk without dividends. TD’s senior unsecured rating mitigates credit risk somewhat, yet spread widening could hit secondary pricing. The call feature favors the issuer: early redemption occurs precisely when the payout profile is most expensive for TD, truncating long-run upside. Given RTY’s historical 20%+ annualized volatility, probability of ending below the Starting Value is non-trivial. From a portfolio perspective, the notes provide leveraged small-cap exposure with asymmetric payoff, but investors must price in the embedded fees and opportunity costs.
Il Free Writing Prospectus descrive i termini delle Autocallable Market-Linked Step Up Notes emesse da The Toronto-Dominion Bank (TD) e collegate all'Indice Russell 2000 (RTY). Ogni nota ha un capitale nominale di 10$ e una durata di circa cinque anni. Le note non pagano cedole e non sono quotate in alcun mercato.
Caratteristica di richiamo automatico: In ognuna delle quattro date annuali di osservazione, le note saranno rimborsate se RTY chiude pari o superiore al valore iniziale. Gli importi di richiamo previsti variano da 10,85$ a 10,95$ nel primo anno (circa 8,5-9,5% di premio) fino a 13,40$-13,80$ nel quarto anno (circa 34-38% di premio). Il rimborso anticipato limita ulteriormente il potenziale di guadagno.
Pagamento a scadenza (se non richiamate):
- Se RTY è stabile o in aumento fino al +45% rispetto al valore iniziale, gli investitori ricevono il capitale più un pagamento fisso di 4,50$ Step-Up (rendimento totale del 45%).
- Se RTY supera il +45%, gli investitori partecipano 1 a 1 a tutti i guadagni ulteriori.
- Se RTY è inferiore al valore iniziale, il rimborso diminuisce punto per punto con l’indice; il valore soglia è pari al 100%, quindi qualsiasi calo riduce il capitale fino alla perdita totale in caso di un ribasso del -100%.
Rischi principali evidenziati nel term sheet includono: esposizione totale alle perdite sotto il valore iniziale, limitato potenziale di guadagno in caso di richiamo, rischio di credito di TD, prezzo di mercato secondario previsto inferiore al prezzo di offerta pubblica, e esposizione alla volatilità delle small cap insita in RTY.
Gli investitori dovrebbero consultare i documenti preliminari di offerta collegati e le informazioni sui rischi prima di acquistare le note.
El Free Writing Prospectus detalla los términos de las Notas Autollamables Market-Linked Step Up emitidas por The Toronto-Dominion Bank (TD) y vinculadas al Índice Russell 2000 (RTY). Cada nota tiene un principal de 10$ y un plazo de aproximadamente cinco años. Las notas no pagan cupones y no están listadas en ninguna bolsa.
Función de llamada automática: En cada una de las cuatro fechas anuales de observación, las notas serán redimidas si RTY cierra en o por encima de su valor inicial. Los montos proyectados de llamada van desde 10,85$ a 10,95$ en el año 1 (≈8.5-9.5% de prima) hasta 13,40$-13,80$ en el año 4 (≈34-38% de prima). El reembolso anticipado limita el potencial de ganancia adicional.
Pago al vencimiento (si no son llamadas):
- Si RTY está estable o sube hasta un +45% respecto al valor inicial, los inversores reciben el principal más un pago fijo de 4,50$ Step-Up (retorno total del 45%).
- Si RTY supera el +45%, los inversores participan 1 a 1 en todas las ganancias adicionales.
- Si RTY está por debajo del valor inicial, el reembolso disminuye punto por punto con el índice; el Valor Umbral es 100%, por lo que cualquier caída reduce el principal hasta la pérdida total en un movimiento del -100%.
Riesgos clave mencionados en el term sheet incluyen: exposición total a pérdidas bajo el valor inicial, ganancia limitada si se llama, riesgo crediticio de TD, precio en el mercado secundario esperado por debajo del precio de oferta pública, y exposición a la volatilidad de small caps inherente a RTY.
Los inversores deben revisar los Documentos Preliminares de Oferta vinculados y las divulgaciones de riesgo antes de comprar las notas.
본 Free Writing Prospectus는 The Toronto-Dominion Bank(TD)가 발행하고 Russell 2000 지수(RTY)에 연동된 Autocallable Market-Linked Step Up Notes의 조건을 설명합니다. 각 노트는 10달러 원금과 약 5년 만기를 가집니다. 노트는 이자 쿠폰을 지급하지 않으며 어떤 거래소에도 상장되어 있지 않습니다.
자동 상환 기능: 매년 4회의 관찰일마다 RTY가 시작가 이상으로 마감하면 노트가 상환됩니다. 예상 상환 금액은 1년 차에 10.85달러~10.95달러(약 8.5~9.5% 프리미엄)에서 4년 차에는 13.40달러~13.80달러(약 34~38% 프리미엄)까지입니다. 조기 상환은 추가 상승 잠재력을 제한합니다.
만기 시 지급 (상환되지 않은 경우):
- RTY가 시작가 대비 변동 없거나 +45% 이내 상승 시 투자자는 원금과 고정된 4.50달러 Step-Up 지급액(총 45% 수익)을 받습니다.
- RTY가 +45% 이상 상승하면 투자자는 추가 상승분에 대해 1대1로 참여합니다.
- RTY가 시작가 아래일 경우 상환금은 지수 하락폭에 따라 점진적으로 감소하며, 임계값은 100%로 하락 시 원금 손실이 발생해 -100% 하락 시 전액 손실됩니다.
주요 위험으로는 시작가 이하에서 전액 손실 가능성, 조기 상환 시 제한된 상승 잠재력, TD 신용 위험, 공모가 대비 낮은 2차 시장 가격, 그리고 RTY에 내재된 소형주 변동성 노출 등이 명시되어 있습니다.
투자자는 노트를 구매하기 전에 관련 예비공모 문서와 위험 공시를 반드시 검토해야 합니다.
Le Free Writing Prospectus présente les conditions des Autocallable Market-Linked Step Up Notes émises par The Toronto-Dominion Bank (TD) et liées à l'indice Russell 2000 (RTY). Chaque note a un capital de 10$ et une durée d'environ cinq ans. Ces notes ne versent aucun coupon et ne sont pas cotées en bourse.
Caractéristique de rappel automatique : À chacune des quatre dates d’observation annuelles, les notes seront remboursées si le RTY clôture au-dessus ou à son niveau initial. Les montants de remboursement prévus vont de 10,85$ à 10,95$ la première année (≈8,5-9,5% de prime) jusqu’à 13,40$-13,80$ la quatrième année (≈34-38% de prime). Le remboursement anticipé limite le potentiel de hausse.
Remboursement à l’échéance (si non rappelées) :
- Si le RTY est stable ou en hausse jusqu’à +45% par rapport à la valeur initiale, les investisseurs reçoivent le capital plus un paiement fixe de 4,50$ Step-Up (rendement total de 45%).
- Si le RTY dépasse +45%, les investisseurs participent au-delà des gains à hauteur de 1 pour 1.
- Si le RTY est en dessous de la valeur initiale, le remboursement diminue au prorata avec l’indice ; la valeur seuil est de 100%, toute baisse érode donc le capital jusqu’à une perte totale en cas de baisse de -100%.
Risques clés mentionnés dans la fiche descriptive incluent : exposition totale à la baisse sous la valeur initiale, potentiel de gain limité en cas de rappel, risque de crédit TD, prix sur le marché secondaire attendu en dessous du prix d’offre publique, et exposition à la volatilité des small caps inhérente au RTY.
Les investisseurs doivent consulter les documents préliminaires d’offre liés ainsi que les informations sur les risques avant d’acheter ces notes.
Das Free Writing Prospectus beschreibt die Bedingungen der von The Toronto-Dominion Bank (TD) ausgegebenen Autocallable Market-Linked Step Up Notes, die an den Russell 2000 Index (RTY) gekoppelt sind. Jede Note hat einen Nominalwert von 10$ und eine Laufzeit von etwa fünf Jahren. Die Notes zahlen keine Kupons und sind nicht an einer Börse gelistet.
Automatische Rückruf-Funktion: An jedem der vier jährlichen Beobachtungstermine werden die Notes zurückgezahlt, wenn der RTY auf oder über dem Startwert schließt. Die prognostizierten Rückzahlungsbeträge liegen im ersten Jahr zwischen 10,85$ und 10,95$ (≈8,5-9,5% Prämie) und im vierten Jahr zwischen 13,40$ und 13,80$ (≈34-38% Prämie). Eine vorzeitige Rückzahlung begrenzt weiteres Aufwärtspotenzial.
Auszahlung bei Fälligkeit (wenn nicht zurückgerufen):
- Liegt der RTY stabil oder bis zu +45% über dem Startwert, erhalten Anleger den Nominalbetrag plus eine feste 4,50$ Step-Up Zahlung (insgesamt 45% Rendite).
- Liegt der RTY über +45%, partizipieren Anleger 1:1 an allen weiteren Gewinnen.
- Liegt der RTY unter dem Startwert, verringert sich die Rückzahlung punktgenau mit dem Index; der Schwellenwert beträgt 100%, sodass ein Rückgang das Kapital mindert bis zum Totalverlust bei -100% Bewegung.
Wesentliche Risiken, die im Term Sheet genannt werden, umfassen: volles Verlustrisiko unterhalb des Startwerts, begrenztes Aufwärtspotenzial bei Rückruf, TD-Kreditrisiko, einen Sekundärmarktpreis, der voraussichtlich unter dem öffentlichen Ausgabepreis liegt, sowie die Volatilität von Small Caps, die im RTY enthalten ist.
Anleger sollten die verlinkten vorläufigen Angebotsunterlagen und Risikoaufklärungen vor dem Kauf der Notes sorgfältig prüfen.
Registration Statement No. 333-283969
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Autocallable Market-Linked Step Up Notes
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Issuer
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The Toronto-Dominion Bank (“TD”)
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Principal Amount
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$10.00 per unit
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Term
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Approximately 5 years
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Market Measure
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The Russell 2000® Index (Bloomberg symbol: “RTY”)
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Automatic Call
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The notes will be called automatically on any Observation Date if the closing level of the Market Measure is equal to or greater than the Call Level
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Call Level
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100.00% of the Starting Value
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Observation Dates
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Approximately one, two, three and four years from the pricing date
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Call Amounts
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[$10.85 to $10.95] if called on the first Observation Date, [$11.70 to $11.90] if called on the second Observation Date, [$12.55 to $12.85] if called on the third Observation Date and
[$13.40 to $13.80] if called on the final Observation Date, each to be determined on the pricing date
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Payout Profile at
Maturity
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• If the Market Measure is flat
or increases up to the Step Up Value, a return equal to the Step Up Payment
• If the Market Measure increases
above the Step Up Value, a return equal to the percentage increase in the Market Measure
• 1-to-1 downside exposure to
decreases in the Market Measure, with up to 100.00% of your principal at risk
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Step Up Value
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145.00% of the Starting Value
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Step Up Payment
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$4.50 per unit, a 45.00% return over the principal amount
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Threshold Value
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100.00% of the Starting Value
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Interest Payments
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None
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Preliminary Offering
Documents
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http://www.sec.gov/Archives/edgar/data/947263/000114036125024160/ef20051248_424b2.htm
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Exchange Listing
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No
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If your notes are not called prior to maturity, your investment may result in a loss; there is no guaranteed return of principal.
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If your notes are called, your investment return is limited to the applicable Call Premium.
|
| • |
Payments on the notes are subject to the credit risk of TD, and actual or perceived changes in the creditworthiness of TD are expected to affect the value of the notes. If TD becomes unable to meet its
financial obligations as they become due, you may lose some or all of your investment.
|
| • |
The initial estimated value of the notes on the pricing date will be less than their public offering price.
|
| • |
The initial estimated value of your notes is not a prediction of the prices at which you may sell your notes in the secondary market, if any exists, and such secondary market prices, if any, will likely be
less than the public offering price of your notes, may be less than the initial estimated value of your notes and could result in a substantial loss to you.
|
| • |
You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other distributions by the issuers of those
securities.
|
| • |
The notes are subject to risks associated with small-size capitalization companies.
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|
Hypothetical
Percentage Change
from the Starting Value
to the Ending Value
|
Hypothetical
Redemption Amount
per Unit
|
Hypothetical Total Rate of
Return on the Notes
|
|
-100.00%
|
$0.00
|
-100.00%
|
|
-50.00%
|
$5.00
|
-50.00%
|
|
-40.00%
|
$6.00
|
-40.00%
|
|
-30.00%
|
$7.00
|
-30.00%
|
|
-20.00%
|
$8.00
|
-20.00%
|
|
-10.00%
|
$9.00
|
-10.00%
|
|
0.00%(1)
|
$14.50(2)
|
45.00%
|
|
5.00%
|
$14.50
|
45.00%
|
|
10.00%
|
$14.50
|
45.00%
|
|
20.00%
|
$14.50
|
45.00%
|
|
30.00%
|
$14.50
|
45.00%
|
|
40.00%
|
$14.50
|
45.00%
|
|
45.00%(3)
|
$14.50
|
45.00%
|
|
50.00%
|
$15.00
|
50.00%
|
|
60.00%
|
$16.00
|
60.00%
|
|
(1)
|
This hypothetical percentage change corresponds to the Threshold Value.
|
|
(2)
|
This amount represents the sum of the principal amount and the Step Up Payment of $4.50.
|
|
(3)
|
This hypothetical percentage change corresponds to the Step Up Value.
|
FAQ
What is the maturity of TD’s Autocallable Market-Linked Step Up Notes?
How can the TD notes be called before maturity?
What fixed return do investors receive if the notes are not called and RTY is flat?
Do the TD Autocallable Notes protect principal?
Are interest payments or dividends paid on the notes?
Where can I find the full risk disclosure for these notes?
