Welcome to our dedicated page for Toronto Domin SEC filings (Ticker: TD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Toronto-Dominion Bank files as a Canadian foreign private issuer whose U.S. SEC record documents bank-level financial reporting, capital securities, governance and shareholder matters. Its Form 6-K reports are incorporated into registration statements and include materials tied to medium term notes, non-viability contingent capital subordinated indebtedness, redemptions, legal opinions and consents.
TD filings also document annual meeting and proxy materials, director elections, auditor and executive-compensation votes, shareholder proposals, the board charter, the Code of Conduct and Ethics, stock incentive plan amendments, IFRS financial information and insurance catastrophe claims within the Wealth Management and Insurance segment. The disclosures reflect a banking group operating Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking businesses.
Toronto-Dominion Bank (TD) has filed a Rule 424(b)(2) pricing supplement for a $1 million issuance of Senior Debt Securities, Series H, structured as Autocallable Equity-Linked Notes tied to the performance of two U.S. equities: Constellation Energy Corporation (CEG) and Meta Platforms, Inc. Class A (META). The notes are dollar-denominated, offered in minimum denominations of $1,000, and were priced on 17 Jun 2025 with settlement on 25 Jun 2025.
Key economic terms
- Term: roughly 12 months, maturing 22 Jun 2026 unless called early.
- Autocall feature: If, on the Call Valuation Date (17 Dec 2025), the closing price of each Reference Asset is ≥ its Initial/Call Threshold Price (CEG $305.70; META $697.23), TD will redeem the notes for $1,266 per $1,000 principal (26.60% premium); no further payments thereafter.
- Payoff at maturity (if not called):
- If every Reference Asset ends > initial price: principal plus 200% leveraged participation in the least-performing percentage gain.
- If any Reference Asset ≤ initial but all ≥ 60% of initial: return of principal only.
- If any Reference Asset < 60% of initial (“barrier breach”): linear downside exposure to the least-performing asset; investors can lose the entire principal.
- Interest: none.
- Initial estimated value: $951.30 per $1,000, below the public offering price, reflecting TD’s internal funding rate and associated hedging/structuring costs.
- Distribution economics: Public offering price $1,000; underwriting discount $10; net proceeds to TD $990 per note.
- Credit & liquidity: Unsecured, unsubordinated TD obligations; not insured by FDIC or CDIC; no exchange listing anticipated.
Principal risks highlighted include issuer credit risk, full downside exposure below a 40% buffer, valuation uncertainty, and limited or no secondary-market liquidity. The filing emphasises that the initial estimated value is not a predictive secondary-market price and may temporarily differ from quotes provided by TD Securities (USA) LLC.
Toronto-Dominion Bank (TD) is offering US$2.314 million of “Leveraged Capped Buffered S&P 500 Index-Linked Notes” (Series H senior debt) that mature on 18 February 2027. The notes are unsecured, bear no periodic interest and are exposed to both TD’s credit risk and market performance of the S&P 500 Index (initial level 6,033.11).
Key economic terms:
- Leverage Factor: 150 % of any positive index performance.
- Cap Level: 112.08 % of the initial level, producing a maximum payment of US$1,181.20 per US$1,000 note (18.12 % absolute cap).
- Buffer: First 10 % of index decline is protected; below the buffer, losses accelerate at a Downside Multiplier of ~111.11 % (1.111 % loss per 1 % additional decline).
- Principal is not guaranteed; investors may lose the entire investment.
- Pricing Date: 16 Jun 2025; Issue Date: 24 Jun 2025; Valuation Date: 16 Feb 2027; Maturity Date: 18 Feb 2027.
- Public offering price: US$1,000; Underwriting discount: US$12.50; Net proceeds to TD: US$987.50.
- Initial estimated value: US$978.50 per US$1,000, reflecting TD’s internal funding rate and structuring costs.
Structural considerations: Upside is leveraged but capped, while downside beyond −10 % is amplified. The notes are not listed on any exchange, lack FDIC/CDIC insurance, and secondary market making is discretionary. Valuation and liquidity are expected to be adversely affected by TD’s internal funding rate and dealer mark-ups, particularly before 16 Sep 2025 when an additional built-in premium amortises to zero.
Investor takeaway: The product may appeal to investors seeking enhanced, capped exposure to the S&P 500 over roughly 20 months, willing to accept TD credit risk, limited upside (18.12 %) and the possibility of significant principal loss if the index falls more than 10 %.