Toronto Domin SEC Filings

The Toronto-Dominion Bank (TD) is offering senior unsecured Autocallable Contingent Coupon Barrier Notes linked to the common stock of Best Buy Co., Inc. (BBY). The notes are designed for income-oriented investors willing to accept equity risk in exchange for an enhanced coupon.

• Maturity: expected 12-14 months, but the notes can be automatically called on any quarterly observation date (≈3, 6, 9 months) if BBY closes at or above its initial price.
• Contingent coupon: paid only if BBY closes ≥65% of the initial price on an observation date. The quarterly coupon rate is set on pricing date and will equate to an annualized yield between 13.43 % and 15.79 % (≈$134.30–$157.90 per $1,000 per year, prorated by months elapsed).
• Principal protection: none. If the notes are not called and BBY’s final price is <65 % of the initial price, investors lose 1 % of principal for each 1 % decline in BBY (maximum 100 % loss).
• Initial estimated value: TD expects $949.50–$979.50 per $1,000 (≈95–98 % of face), below the $1,000 offering price, reflecting distribution costs and TD’s internal funding rate.
• Liquidity & listing: the notes will not trade on an exchange; any secondary market will be made on a best-efforts basis by TD Securities (USA) LLC.
• Credit risk: payments depend on TD’s ability to pay; the notes are not FDIC or CDIC insured.
• Tax: TD and counsel intend to treat the notes as prepaid derivative contracts; treatment is uncertain and non-U.S. holders are discouraged.

Investors receive either (1) early redemption at par plus the applicable coupon if called, (2) par plus the final coupon at maturity if BBY stays ≥65 % of initial, or (3) a loss of principal proportional to BBY’s decline if BBY ends <65 % of initial. Coupons are contingent, not cumulative; missed coupons are forfeited. The structure offers high potential income over a short tenor but embeds significant equity downside, illiquidity, and issuer credit exposure.

Toronto-Dominion Bank (TD) has filed a Free Writing Prospectus for Market Linked, Auto-Callable, Fixed-Percentage Buffered Downside Principal-at-Risk Securities tied to the Russell 2000 Index (RTY), maturing 19 July 2029.

Key terms

• Face amount: US$1,000 per security; denominations of US$1,000 and integral multiples.
• Pricing / issue dates*: 16 Jul 2025 / 21 Jul 2025.
• Automatic call feature: Called if the Index closing level on any annual call date is ≥ starting level. Investors receive face amount plus a fixed call premium: ≥8.64% (2026), ≥17.28% (2027), ≥25.92% (2028), and ≥34.56% (final call in 2029).
• Downside protection: 10% buffer. If not called and Index ends < starting level but ≥90%, investors receive US$1,000. If <90%, loss matches decline beyond 10%, up to a 90% loss of principal.
• No periodic coupons; return limited to call premiums—no participation in Index appreciation beyond those amounts.
• Estimated value at pricing: US$923–US$963, below public offering price.
• Agent economics: Up to 2.575% discount; selling concession up to 2.00%; WFA distribution fee 0.075%.
• Threshold / buffer level: 90% of starting level (10% buffer).
• Credit risk: Payments depend on TD’s ability to pay; product is not FDIC or CDIC insured.
• CUSIP/ISIN: 89115HJK4 / US89115HJK41.

Principal risks (selected)

• Up to 90% principal loss if Index falls below threshold and securities are not called.
• No periodic interest; upside capped at call premium.
• Reinvestment, liquidity, secondary-market and valuation risks; estimated value < offering price.
• TD credit risk and potential conflicts as calculation agent.
• Complex tax treatment for U.S. and Canadian investors.

Full risk discussion appears in the preliminary pricing supplement, product supplement MLN-WF-1 (26 Feb 2025) and the base prospectus.

Toronto-Dominion Bank (TD) is offering $2.1 million of senior unsecured Leveraged Capped Buffered Notes linked to the Nasdaq-100 Index®. The notes price on 2 Jul 2025, settle on 10 Jul 2025 and mature on 14 Jul 2026 (≈12 months).

• Coupon: None – the notes pay no periodic interest.
• Upside: 250% participation in positive index performance, capped at a Maximum Payment Amount of $1,125.50 per $1,000 note (12.55% maximum return, reached when the index rises ≥5.02%).
• Downside: A 10% buffer protects principal for index declines up to 10%. Beyond that, losses accelerate at a Downside Multiplier ≈111.11%; investors may lose all principal.
• Initial level: 22,641.89; Buffer level: 20,377.701 (90% of initial).
• Credit & liquidity: Unsecured, unsubordinated TD obligation; not FDIC/Canada Deposit Insurance Corporation insured; not exchange-listed, and secondary market making is discretionary.
• Pricing metrics: Public offering price $1,000; underwriting discount $10.30 (1.03%); TD’s initial estimated value $986.60, below offer price.
• Tax: Intended to be treated as prepaid derivative contracts for U.S. tax purposes; complex alternative treatments possible.

Investors are exposed to TD credit risk, market volatility, limited upside and potential 100% principal loss. The small aggregate size and routine nature of the issuance make it immaterial to TD’s overall capital structure.

The Toronto-Dominion Bank (TD) is issuing US$652,000 of senior unsecured Callable Contingent Interest Barrier Notes maturing 8 Jan 2030. The notes reference three underlyings—the Nasdaq-100 Index (NDX), Russell 2000 Index (RTY) and VanEck Semiconductor ETF (SMH). Key investment terms include:

• Contingent coupon: Approx. 14.90% p.a., paid monthly only if the closing value of each underlying is ≥ 75 % of its initial level on the observation date.
• Issuer call: TD may redeem at par on any monthly payment date starting in month 6; investors then receive par plus any earned coupon.
• Principal barrier: If any underlying closes < 60 % of its initial level on the final valuation date, repayment is reduced 1-for-1 with the worst performer, potentially to zero.
• Credit & liquidity: Unsecured TD obligation; not FDIC or CDIC insured; not exchange-listed and market making is discretionary.
• Pricing economics: Issue price US$1,000; estimated value US$952.30 (≈4.8 % discount); underwriting fee 0.75 %.
• Risk highlights: coupon and principal at risk, correlation risk across three assets, reinvestment risk if called, and complex tax treatment.

The small deal size is immaterial to TD’s balance sheet but offers retail investors a high conditional yield in exchange for equity-style downside exposure and TD credit risk.

Toronto-Dominion Bank (TD) is marketing two-year, $10 par value Capped Notes with an Absolute Return Buffer linked to the MSCI® Emerging Markets Index (MXEF). At maturity, investors receive:

• Upside participation: 1-to-1 exposure to index appreciation, capped at a redemption value between $11.80 and $12.20 (18%-22% maximum gain).
• Buffer on moderate declines: If the index ends between 90% and 100% of its starting level, the notes pay the absolute value of the decline (e.g., -5% index = +5% note return).
• Downside risk: For index drops beyond 10%, the notes lose value point-for-point, exposing up to 90% of principal.

The notes pay no coupons, are not listed on any exchange, and their value depends on TD’s creditworthiness. The initial estimated value set on pricing will be below the public offering price, implying immediate negative yield if sold prior to maturity. Investors also face emerging-market equity, currency, and liquidity risks. Full terms, tax considerations, and risk factors are contained in the linked preliminary prospectus and product supplement.