[FWP] Toronto Dominion Bank Free Writing Prospectus
Toronto-Dominion Bank has filed a Free Writing Prospectus for Accelerated Return Notes (ARNs) linked to the iShares MSCI Emerging Markets ex China ETF. The structured product offers:
- Principal amount of $10.00 per unit with approximately 14-month term
- 300% upside participation rate (3-to-1) up to a capped value of $11.20-$11.60 (12-16% max return)
- 1-to-1 downside exposure with no principal protection
Key risks include: credit risk of TD, capped upside potential, potential 100% principal loss, foreign currency exchange risk, and emerging markets exposure. The notes will not be exchange-listed and have no interest payments. The initial estimated value will be less than the public offering price, and secondary market prices may result in substantial losses.
Toronto-Dominion Bank ha presentato un Free Writing Prospectus per le Accelerated Return Notes (ARNs) collegate all'iShares MSCI Emerging Markets ex China ETF. Il prodotto strutturato offre:
- Importo nominale di 10,00 $ per unità con una durata di circa 14 mesi
- Partecipazione al rialzo del 300% (3 a 1) fino a un valore massimo compreso tra 11,20 $ e 11,60 $ (rendimento massimo del 12-16%)
- Esposizione al ribasso 1 a 1 con assenza di protezione del capitale
I rischi principali includono: rischio di credito di TD, potenziale di guadagno limitato, possibile perdita totale del capitale, rischio di cambio valuta estera ed esposizione ai mercati emergenti. Le note non saranno quotate in borsa e non prevedono pagamenti di interessi. Il valore iniziale stimato sarà inferiore al prezzo di offerta pubblica e i prezzi sul mercato secondario potrebbero causare perdite significative.
Toronto-Dominion Bank ha presentado un Free Writing Prospectus para Notas de Retorno Acelerado (ARNs) vinculadas al iShares MSCI Emerging Markets ex China ETF. El producto estructurado ofrece:
- Monto principal de $10.00 por unidad con un plazo aproximado de 14 meses
- Tasa de participación al alza del 300% (3 a 1) hasta un valor máximo entre $11.20 y $11.60 (retorno máximo del 12-16%)
- Exposición a la baja 1 a 1 con sin protección del principal
Los riesgos clave incluyen: riesgo crediticio de TD, potencial de ganancia limitado, posible pérdida total del principal, riesgo cambiario y exposición a mercados emergentes. Las notas no estarán listadas en bolsa y no pagan intereses. El valor inicial estimado será menor que el precio de oferta pública y los precios en el mercado secundario podrían generar pérdidas significativas.
토론토-도미니언 은행이 iShares MSCI Emerging Markets ex China ETF에 연계된 가속 수익 노트(Accelerated Return Notes, ARNs)에 대한 Free Writing Prospectus를 제출했습니다. 이 구조화 상품은 다음과 같은 조건을 제공합니다:
- 단위당 10.00달러의 원금 금액, 약 14개월 만기
- 상승 참여율 300% (3대1)로 최대 11.20~11.60달러(최대 수익률 12~16%)까지 참여
- 하락 시 1대1 손실 노출, 원금 보호 없음
주요 위험 요소로는 TD의 신용 위험, 제한된 상승 잠재력, 원금 100% 손실 가능성, 외환 위험, 신흥 시장 노출 등이 있습니다. 이 노트는 거래소 상장이 되지 않으며 이자 지급이 없습니다. 초기 예상 가치는 공모가보다 낮으며, 2차 시장 가격 변동으로 인해 상당한 손실이 발생할 수 있습니다.
Toronto-Dominion Bank a déposé un Free Writing Prospectus pour des Notes à Rendement Accéléré (ARNs) liées au iShares MSCI Emerging Markets ex China ETF. Ce produit structuré offre :
- Montant principal de 10,00 $ par unité avec une durée d'environ 14 mois
- Taux de participation à la hausse de 300% (3 pour 1) jusqu'à une valeur plafonnée entre 11,20 $ et 11,60 $ (rendement maximal de 12 à 16%)
- Exposition à la baisse en proportion 1 pour 1 sans protection du capital
Les principaux risques comprennent : le risque de crédit de TD, un potentiel de gain plafonné, une perte totale possible du capital, le risque de change et l'exposition aux marchés émergents. Les notes ne seront pas cotées en bourse et ne versent pas d’intérêts. La valeur initiale estimée sera inférieure au prix d’offre publique, et les prix sur le marché secondaire peuvent entraîner des pertes importantes.
Toronto-Dominion Bank hat einen Free Writing Prospectus für Accelerated Return Notes (ARNs) vorgelegt, die mit dem iShares MSCI Emerging Markets ex China ETF verbunden sind. Das strukturierte Produkt bietet:
- Nominalbetrag von 10,00 $ pro Einheit mit einer Laufzeit von ca. 14 Monaten
- 300% Teilnahmequote am Aufwärtspotenzial (3 zu 1) bis zu einem Höchstwert von 11,20 bis 11,60 $ (maximaler Ertrag von 12-16%)
- Abwärtsrisiko 1 zu 1 ohne Kapitalschutz
Wesentliche Risiken umfassen: Kreditrisiko von TD, begrenztes Aufwärtspotenzial, potenzieller Totalverlust des Kapitals, Fremdwährungsrisiko und Risiko durch Schwellenländer. Die Notes werden nicht an der Börse gehandelt und zahlen keine Zinsen. Der anfängliche geschätzte Wert liegt unter dem öffentlichen Ausgabepreis, und Sekundärmarktpreise können zu erheblichen Verlusten führen.
- 3-to-1 upside exposure (300% participation rate) to increases in Emerging Markets ex-China ETF, offering enhanced potential returns
- Maximum potential return of 12-16% over 14-month term, providing defined upside opportunity
- Product offers exposure to emerging markets while excluding China-specific risks
- 100% principal at risk with full downside exposure to ETF losses
- Returns are capped at $11.20-$11.60 per unit, limiting upside potential beyond 12-16%
- No interest payments or dividends during the 14-month term
- Initial estimated value will be less than the public offering price, indicating immediate paper loss
- Limited liquidity due to no exchange listing and likely unfavorable secondary market pricing
Toronto-Dominion Bank ha presentato un Free Writing Prospectus per le Accelerated Return Notes (ARNs) collegate all'iShares MSCI Emerging Markets ex China ETF. Il prodotto strutturato offre:
- Importo nominale di 10,00 $ per unità con una durata di circa 14 mesi
- Partecipazione al rialzo del 300% (3 a 1) fino a un valore massimo compreso tra 11,20 $ e 11,60 $ (rendimento massimo del 12-16%)
- Esposizione al ribasso 1 a 1 con assenza di protezione del capitale
I rischi principali includono: rischio di credito di TD, potenziale di guadagno limitato, possibile perdita totale del capitale, rischio di cambio valuta estera ed esposizione ai mercati emergenti. Le note non saranno quotate in borsa e non prevedono pagamenti di interessi. Il valore iniziale stimato sarà inferiore al prezzo di offerta pubblica e i prezzi sul mercato secondario potrebbero causare perdite significative.
Toronto-Dominion Bank ha presentado un Free Writing Prospectus para Notas de Retorno Acelerado (ARNs) vinculadas al iShares MSCI Emerging Markets ex China ETF. El producto estructurado ofrece:
- Monto principal de $10.00 por unidad con un plazo aproximado de 14 meses
- Tasa de participación al alza del 300% (3 a 1) hasta un valor máximo entre $11.20 y $11.60 (retorno máximo del 12-16%)
- Exposición a la baja 1 a 1 con sin protección del principal
Los riesgos clave incluyen: riesgo crediticio de TD, potencial de ganancia limitado, posible pérdida total del principal, riesgo cambiario y exposición a mercados emergentes. Las notas no estarán listadas en bolsa y no pagan intereses. El valor inicial estimado será menor que el precio de oferta pública y los precios en el mercado secundario podrían generar pérdidas significativas.
토론토-도미니언 은행이 iShares MSCI Emerging Markets ex China ETF에 연계된 가속 수익 노트(Accelerated Return Notes, ARNs)에 대한 Free Writing Prospectus를 제출했습니다. 이 구조화 상품은 다음과 같은 조건을 제공합니다:
- 단위당 10.00달러의 원금 금액, 약 14개월 만기
- 상승 참여율 300% (3대1)로 최대 11.20~11.60달러(최대 수익률 12~16%)까지 참여
- 하락 시 1대1 손실 노출, 원금 보호 없음
주요 위험 요소로는 TD의 신용 위험, 제한된 상승 잠재력, 원금 100% 손실 가능성, 외환 위험, 신흥 시장 노출 등이 있습니다. 이 노트는 거래소 상장이 되지 않으며 이자 지급이 없습니다. 초기 예상 가치는 공모가보다 낮으며, 2차 시장 가격 변동으로 인해 상당한 손실이 발생할 수 있습니다.
Toronto-Dominion Bank a déposé un Free Writing Prospectus pour des Notes à Rendement Accéléré (ARNs) liées au iShares MSCI Emerging Markets ex China ETF. Ce produit structuré offre :
- Montant principal de 10,00 $ par unité avec une durée d'environ 14 mois
- Taux de participation à la hausse de 300% (3 pour 1) jusqu'à une valeur plafonnée entre 11,20 $ et 11,60 $ (rendement maximal de 12 à 16%)
- Exposition à la baisse en proportion 1 pour 1 sans protection du capital
Les principaux risques comprennent : le risque de crédit de TD, un potentiel de gain plafonné, une perte totale possible du capital, le risque de change et l'exposition aux marchés émergents. Les notes ne seront pas cotées en bourse et ne versent pas d’intérêts. La valeur initiale estimée sera inférieure au prix d’offre publique, et les prix sur le marché secondaire peuvent entraîner des pertes importantes.
Toronto-Dominion Bank hat einen Free Writing Prospectus für Accelerated Return Notes (ARNs) vorgelegt, die mit dem iShares MSCI Emerging Markets ex China ETF verbunden sind. Das strukturierte Produkt bietet:
- Nominalbetrag von 10,00 $ pro Einheit mit einer Laufzeit von ca. 14 Monaten
- 300% Teilnahmequote am Aufwärtspotenzial (3 zu 1) bis zu einem Höchstwert von 11,20 bis 11,60 $ (maximaler Ertrag von 12-16%)
- Abwärtsrisiko 1 zu 1 ohne Kapitalschutz
Wesentliche Risiken umfassen: Kreditrisiko von TD, begrenztes Aufwärtspotenzial, potenzieller Totalverlust des Kapitals, Fremdwährungsrisiko und Risiko durch Schwellenländer. Die Notes werden nicht an der Börse gehandelt und zahlen keine Zinsen. Der anfängliche geschätzte Wert liegt unter dem öffentlichen Ausgabepreis, und Sekundärmarktpreise können zu erheblichen Verlusten führen.
Registration Statement No. 333-283969
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ACCELERATED RETURN NOTES® (ARNs®)
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ARNs® Linked to the iShares® MSCI Emerging Markets ex China ETF
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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 fourteen months
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Market Measure
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The iShares® MSCI Emerging Markets ex China ETF (Bloomberg symbol: “EMXC”)
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Payout Profile at Maturity
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● 3-to-1
upside exposure to increases in the Market Measure, subject to the Capped Value
● 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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Participation Rate
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300.00%
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Capped Value
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[$11.20 to $11.60] per unit, a [12.00% to 16.00%] return over the principal amount, to be determined on the pricing date
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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/947263/000114036125023591/ef20050888_424b2.htm
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Exchange Listing
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No
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Depending on the performance of the Market Measure as measured shortly before the maturity date, your investment may result in a loss; there is no guaranteed return of principal.
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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.
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Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Market Measure or the securities held by the Market Measure.
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The initial estimated value of the notes on the pricing date will be less than their public offering price.
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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.
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You will have no rights of a holder of the Market Measure or the securities held by the Market Measure, and you will not be entitled to receive any shares of the Market Measure or the securities held by the Market Measure, or
any dividends or other distributions in respect of the Market Measure or the securities held by the Market Measure.
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There are liquidity and management risks associated with the Market Measure.
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The performance of the Market Measure may not correlate with the performance of its underlying index as well as the net asset value per share of the Market Measure, especially during periods of market volatility when the
liquidity and the market price of the shares of the Market Measure and/or the securities held by the Market Measure may be adversely affected, sometimes materially.
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Payments on the notes will not be adjusted for all corporate events that could affect the Market Measure.
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The notes are subject to foreign currency exchange rate risk.
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The notes are subject to risks associated with foreign securities markets.
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The notes are subject to risks associated with emerging markets.
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| ● | The Market Measure commenced trading recently and has limited actual historical information. |
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A limited number of equity securities held by the Market Measure may affect its price.
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Hypothetical
Percentage
Change from the
Starting Value to
the Ending Value
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Hypothetical
Redemption
Amount per Unit
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Hypothetical
Total Rate of
Return on the
Notes
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-100.00%
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$0.00
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-100.00%
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-75.00%
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$2.50
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-75.00%
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-50.00%
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$5.00
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-50.00%
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-40.00%
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$6.00
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-40.00%
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-30.00%
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$7.00
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-30.00%
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-20.00%
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$8.00
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-20.00%
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-10.00%
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$9.00
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-10.00%
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-5.00%
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$9.50
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-5.00%
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0.00%
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$10.00
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0.00%
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2.00%
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$10.60
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6.00%
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4.00%
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$11.20
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12.00%
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4.67%
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$11.40
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14.00%
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10.00%
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$11.40
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14.00%
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20.00%
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$11.40
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14.00%
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30.00%
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$11.40
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14.00%
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40.00%
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$11.40
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14.00%
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50.00%
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$11.40
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14.00%
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| (1) |
The Redemption Amount per unit cannot exceed the hypothetical Capped Value.
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FAQ
What are TD's Accelerated Return Notes (ARNs) linked to MSCI Emerging Markets ex China ETF offering?
What is the maximum return potential for TD's ARNs linked to EMXC?
What are the main risks of investing in TD's ARNs linked to EMXC?
How does the downside protection work for TD's ARNs?
Will TD's ARNs be listed on an exchange?
