[FWP] Toronto Dominion Bank Free Writing Prospectus
Toronto Dominion Bank has filed a Free Writing Prospectus for Trigger PLUS (Performance Leveraged Upside Securities) based on the S&P 500 Index, due August 5, 2031. These senior debt securities offer leveraged upside potential with conditional downside protection.
Key terms include:
- Principal amount: $1,000 per security
- Leverage factor: 108.63% for positive index returns
- Downside protection until trigger level of 85% of initial index value
- No periodic interest payments
- Estimated value between $905-$940 per security
Investment risks include potential for significant principal loss if the index falls below trigger level, credit risk of TD Bank, no secondary market liquidity, and uncertain tax treatment. The securities offer leveraged upside participation in S&P 500 gains while protecting against moderate market declines, but investors could lose their entire investment in a severe market downturn.
Toronto Dominion Bank ha emesso un Free Writing Prospectus per i Trigger PLUS (Performance Leveraged Upside Securities) basati sull'indice S&P 500, con scadenza il 5 agosto 2031. Questi titoli di debito senior offrono un potenziale di rendimento incrementato con una protezione condizionata dalle perdite.
I principali termini includono:
- Importo nominale: 1.000 $ per titolo
- Fattore di leva: 108,63% per rendimenti positivi dell'indice
- Protezione dalle perdite fino al livello trigger del 85% del valore iniziale dell'indice
- Nessun pagamento periodico di interessi
- Valore stimato tra 905 $ e 940 $ per titolo
I rischi dell'investimento includono la possibilit脿 di una perdita significativa del capitale se l'indice scende sotto il livello trigger, il rischio di credito di TD Bank, l'assenza di liquidit脿 sul mercato secondario e un trattamento fiscale incerto. I titoli offrono una partecipazione incrementata ai guadagni dell'S&P 500 proteggendo da cali moderati del mercato, ma gli investitori potrebbero perdere l'intero capitale in caso di un forte ribasso.
Toronto Dominion Bank ha presentado un Free Writing Prospectus para Trigger PLUS (Performance Leveraged Upside Securities) basado en el 铆ndice S&P 500, con vencimiento el 5 de agosto de 2031. Estos valores de deuda senior ofrecen un potencial de rendimiento apalancado con protecci贸n condicional contra p茅rdidas.
Los t茅rminos clave incluyen:
- Monto principal: $1,000 por valor
- Factor de apalancamiento: 108.63% para rendimientos positivos del 铆ndice
- Protecci贸n contra p茅rdidas hasta un nivel disparador del 85% del valor inicial del 铆ndice
- Sin pagos peri贸dicos de intereses
- Valor estimado entre $905 y $940 por valor
Los riesgos de inversi贸n incluyen la posibilidad de una p茅rdida significativa del capital si el 铆ndice cae por debajo del nivel disparador, riesgo crediticio del TD Bank, falta de liquidez en el mercado secundario y tratamiento fiscal incierto. Los valores ofrecen participaci贸n apalancada en las ganancias del S&P 500 mientras protegen contra ca铆das moderadas del mercado, pero los inversores podr铆an perder toda su inversi贸n en una ca铆da severa del mercado.
韱犽韱� 霃勲雼堨柛 鞚�頄�鞚� S&P 500 歆�靾橂ゼ 旮半皹鞙茧 頃橂姅 Trigger PLUS(Performance Leveraged Upside Securities)鞐� 雽�頃� Free Writing Prospectus毳� 2031雲� 8鞗� 5鞚� 毵岅赴搿� 鞝滌稖頄堨姷雼堧嫟. 鞚� 靹犾垳鞙� 毂勲 歃濌秾鞚� 臁瓣贝攵� 頃橂澖 氤错樃鞕� 頃粯 霠堧矂毽 靸侅姽 鞛犾灛霠レ潉 鞝滉车頃╇媹雼�.
欤检殧 臁瓣贝鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 鞗愱笀: 歃濌秾雼� 1,000雼煬
- 霠堧矂毽 牍勳湪: 108.63% (歆�靾� 靸侅姽 鞁� 鞝侅毄)
- 齑堦赴 歆�靾� 臧掛潣 85% 韸鸽Μ瓯� 靾橃旯岇 頃橂澖 氤错樃
- 鞝曣赴 鞚挫瀽 歆�旮� 鞐嗢潓
- 歃濌秾雼� 鞓堨儊 臧�旃�: 905词940雼煬
韴瀽 鞙勴棙鞐愲姅 歆�靾橁皜 韸鸽Μ瓯� 靾橃 鞎勲灅搿� 霒柎歆� 瓴届毎 鞗愱笀 靻愳嫟 臧�電レ劚, TD 鞚�頄夓潣 鞁犾毄 鞙勴棙, 2彀� 鞁滌灔 鞙犽彊靹� 攵�臁�, 攵堩檿鞁ろ暅 靹戈笀 觳橂Μ 霌膘澊 韽暔霅╇媹雼�. 鞚� 歃濌秾鞚� S&P 500 靸侅姽鞐� 雽�頃� 霠堧矂毽 彀胳棳鞕� 欷戧皠 靾橃鞚� 鞁滌灔 頃橂澖鞐� 雽�頃� 氤错樃毳� 鞝滉车頃橃毵�, 鞁皝頃� 鞁滌灔 頃橂澖 鞁� 韴瀽 鞗愱笀 鞝勳暋 靻愳嫟 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Toronto Dominion Bank a d茅pos茅 un Free Writing Prospectus pour les Trigger PLUS (Performance Leveraged Upside Securities) bas茅s sur l'indice S&P 500, 茅ch茅ance le 5 ao没t 2031. Ces titres de dette senior offrent un potentiel de hausse 脿 effet de levier avec une protection conditionnelle contre les baisses.
Les principales caract茅ristiques sont :
- Montant principal : 1 000 $ par titre
- Facteur de levier : 108,63% pour les rendements positifs de l'indice
- Protection 脿 la baisse jusqu'au niveau d茅clencheur de 85% de la valeur initiale de l'indice
- Pas de paiements d'int茅r锚ts p茅riodiques
- Valeur estim茅e entre 905 $ et 940 $ par titre
Les risques d'investissement comprennent une perte significative du capital si l'indice tombe en dessous du niveau d茅clencheur, le risque de cr茅dit de TD Bank, l'absence de liquidit茅 sur le march茅 secondaire et un traitement fiscal incertain. Ces titres offrent une participation 脿 effet de levier aux gains du S&P 500 tout en prot茅geant contre des baisses mod茅r茅es du march茅, mais les investisseurs pourraient perdre la totalit茅 de leur investissement en cas de forte chute du march茅.
Toronto Dominion Bank hat einen Free Writing Prospectus f眉r Trigger PLUS (Performance Leveraged Upside Securities) auf Basis des S&P 500 Index mit F盲lligkeit am 5. August 2031 eingereicht. Diese vorrangigen Schuldverschreibungen bieten ein gehebeltes Aufw盲rtspotenzial mit bedingtem Abw盲rtsschutz.
Wichtige Bedingungen umfassen:
- Nennbetrag: 1.000 $ pro Wertpapier
- Hebelfaktor: 108,63% bei positiven Indexrenditen
- Abw盲rtsschutz bis zur Ausl枚se-Schwelle von 85% des Anfangsindexwerts
- Keine periodischen Zinszahlungen
- Gesch盲tzter Wert zwischen 905 $ und 940 $ pro Wertpapier
Die Anlagerisiken umfassen das Risiko erheblicher Kapitalverluste, falls der Index unter die Ausl枚se-Schwelle f盲llt, Kreditrisiko der TD Bank, fehlende Liquidit盲t am Sekund盲rmarkt sowie unsichere steuerliche Behandlung. Die Wertpapiere bieten eine gehebelte Teilhabe an den Gewinnen des S&P 500 mit Schutz gegen moderate Marktr眉ckg盲nge, jedoch k枚nnten Anleger bei einem starken Markteinbruch ihr gesamtes Investment verlieren.
- None.
- None.
Toronto Dominion Bank ha emesso un Free Writing Prospectus per i Trigger PLUS (Performance Leveraged Upside Securities) basati sull'indice S&P 500, con scadenza il 5 agosto 2031. Questi titoli di debito senior offrono un potenziale di rendimento incrementato con una protezione condizionata dalle perdite.
I principali termini includono:
- Importo nominale: 1.000 $ per titolo
- Fattore di leva: 108,63% per rendimenti positivi dell'indice
- Protezione dalle perdite fino al livello trigger del 85% del valore iniziale dell'indice
- Nessun pagamento periodico di interessi
- Valore stimato tra 905 $ e 940 $ per titolo
I rischi dell'investimento includono la possibilit脿 di una perdita significativa del capitale se l'indice scende sotto il livello trigger, il rischio di credito di TD Bank, l'assenza di liquidit脿 sul mercato secondario e un trattamento fiscale incerto. I titoli offrono una partecipazione incrementata ai guadagni dell'S&P 500 proteggendo da cali moderati del mercato, ma gli investitori potrebbero perdere l'intero capitale in caso di un forte ribasso.
Toronto Dominion Bank ha presentado un Free Writing Prospectus para Trigger PLUS (Performance Leveraged Upside Securities) basado en el 铆ndice S&P 500, con vencimiento el 5 de agosto de 2031. Estos valores de deuda senior ofrecen un potencial de rendimiento apalancado con protecci贸n condicional contra p茅rdidas.
Los t茅rminos clave incluyen:
- Monto principal: $1,000 por valor
- Factor de apalancamiento: 108.63% para rendimientos positivos del 铆ndice
- Protecci贸n contra p茅rdidas hasta un nivel disparador del 85% del valor inicial del 铆ndice
- Sin pagos peri贸dicos de intereses
- Valor estimado entre $905 y $940 por valor
Los riesgos de inversi贸n incluyen la posibilidad de una p茅rdida significativa del capital si el 铆ndice cae por debajo del nivel disparador, riesgo crediticio del TD Bank, falta de liquidez en el mercado secundario y tratamiento fiscal incierto. Los valores ofrecen participaci贸n apalancada en las ganancias del S&P 500 mientras protegen contra ca铆das moderadas del mercado, pero los inversores podr铆an perder toda su inversi贸n en una ca铆da severa del mercado.
韱犽韱� 霃勲雼堨柛 鞚�頄�鞚� S&P 500 歆�靾橂ゼ 旮半皹鞙茧 頃橂姅 Trigger PLUS(Performance Leveraged Upside Securities)鞐� 雽�頃� Free Writing Prospectus毳� 2031雲� 8鞗� 5鞚� 毵岅赴搿� 鞝滌稖頄堨姷雼堧嫟. 鞚� 靹犾垳鞙� 毂勲 歃濌秾鞚� 臁瓣贝攵� 頃橂澖 氤错樃鞕� 頃粯 霠堧矂毽 靸侅姽 鞛犾灛霠レ潉 鞝滉车頃╇媹雼�.
欤检殧 臁瓣贝鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 鞗愱笀: 歃濌秾雼� 1,000雼煬
- 霠堧矂毽 牍勳湪: 108.63% (歆�靾� 靸侅姽 鞁� 鞝侅毄)
- 齑堦赴 歆�靾� 臧掛潣 85% 韸鸽Μ瓯� 靾橃旯岇 頃橂澖 氤错樃
- 鞝曣赴 鞚挫瀽 歆�旮� 鞐嗢潓
- 歃濌秾雼� 鞓堨儊 臧�旃�: 905词940雼煬
韴瀽 鞙勴棙鞐愲姅 歆�靾橁皜 韸鸽Μ瓯� 靾橃 鞎勲灅搿� 霒柎歆� 瓴届毎 鞗愱笀 靻愳嫟 臧�電レ劚, TD 鞚�頄夓潣 鞁犾毄 鞙勴棙, 2彀� 鞁滌灔 鞙犽彊靹� 攵�臁�, 攵堩檿鞁ろ暅 靹戈笀 觳橂Μ 霌膘澊 韽暔霅╇媹雼�. 鞚� 歃濌秾鞚� S&P 500 靸侅姽鞐� 雽�頃� 霠堧矂毽 彀胳棳鞕� 欷戧皠 靾橃鞚� 鞁滌灔 頃橂澖鞐� 雽�頃� 氤错樃毳� 鞝滉车頃橃毵�, 鞁皝頃� 鞁滌灔 頃橂澖 鞁� 韴瀽 鞗愱笀 鞝勳暋 靻愳嫟 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Toronto Dominion Bank a d茅pos茅 un Free Writing Prospectus pour les Trigger PLUS (Performance Leveraged Upside Securities) bas茅s sur l'indice S&P 500, 茅ch茅ance le 5 ao没t 2031. Ces titres de dette senior offrent un potentiel de hausse 脿 effet de levier avec une protection conditionnelle contre les baisses.
Les principales caract茅ristiques sont :
- Montant principal : 1 000 $ par titre
- Facteur de levier : 108,63% pour les rendements positifs de l'indice
- Protection 脿 la baisse jusqu'au niveau d茅clencheur de 85% de la valeur initiale de l'indice
- Pas de paiements d'int茅r锚ts p茅riodiques
- Valeur estim茅e entre 905 $ et 940 $ par titre
Les risques d'investissement comprennent une perte significative du capital si l'indice tombe en dessous du niveau d茅clencheur, le risque de cr茅dit de TD Bank, l'absence de liquidit茅 sur le march茅 secondaire et un traitement fiscal incertain. Ces titres offrent une participation 脿 effet de levier aux gains du S&P 500 tout en prot茅geant contre des baisses mod茅r茅es du march茅, mais les investisseurs pourraient perdre la totalit茅 de leur investissement en cas de forte chute du march茅.
Toronto Dominion Bank hat einen Free Writing Prospectus f眉r Trigger PLUS (Performance Leveraged Upside Securities) auf Basis des S&P 500 Index mit F盲lligkeit am 5. August 2031 eingereicht. Diese vorrangigen Schuldverschreibungen bieten ein gehebeltes Aufw盲rtspotenzial mit bedingtem Abw盲rtsschutz.
Wichtige Bedingungen umfassen:
- Nennbetrag: 1.000 $ pro Wertpapier
- Hebelfaktor: 108,63% bei positiven Indexrenditen
- Abw盲rtsschutz bis zur Ausl枚se-Schwelle von 85% des Anfangsindexwerts
- Keine periodischen Zinszahlungen
- Gesch盲tzter Wert zwischen 905 $ und 940 $ pro Wertpapier
Die Anlagerisiken umfassen das Risiko erheblicher Kapitalverluste, falls der Index unter die Ausl枚se-Schwelle f盲llt, Kreditrisiko der TD Bank, fehlende Liquidit盲t am Sekund盲rmarkt sowie unsichere steuerliche Behandlung. Die Wertpapiere bieten eine gehebelte Teilhabe an den Gewinnen des S&P 500 mit Schutz gegen moderate Marktr眉ckg盲nge, jedoch k枚nnten Anleger bei einem starken Markteinbruch ihr gesamtes Investment verlieren.
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ISSUER FREE WRITING PROSPECTUS
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Filed Pursuant to Rule 433
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Registration Statement No. 333-283969
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Dated June 26, 2025
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SUMMARY TERMS
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Issuer:
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The Toronto-Dominion Bank
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Issue:
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Senior Debt Securities, Series H
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Underlying index:
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S&P 500® Index (Bloomberg Ticker: “SPX”)
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Stated principal amount:
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$1,000.00 per Trigger PLUS
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Issue price:
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$1,000.00 per Trigger PLUS
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Minimum investment:
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$1,000.00 (1 Trigger PLUS)
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Interest:
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None
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Pricing date:
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July 17, 2025
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Original issue date:
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July 22, 2025 (3 business days after the pricing date; see preliminary pricing supplement).
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Valuation date:
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July 31, 2031, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
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Maturity date:
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August 5, 2031, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
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Payment at maturity per
Trigger PLUS:
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◾ If the final index value is greater than the initial index value:
$1,000.00 + leveraged upside payment
◾ If the final index value is less than or equal to the initial index value but greater than or equal to the trigger level:
$1,000.00
◾ If the final index value is less than the trigger level:
$1,000.00 + ($1,000.00 × underlying return)
If the final index value is less than the trigger level, you will lose 1% for every 1% that the final index
value falls below the initial index value and you could lose up to your entire investment in the Trigger PLUS.
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Underlying return:
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(final index value – initial index value) / initial index value
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Leverage factor:
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108.63%
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Leveraged upside payment:
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$1,000.00 × leverage factor × underlying return
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Trigger level:
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85% of the initial index value
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Initial index value:
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The index closing value of the underlying index on the pricing date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
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Final index value:
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The index closing value of the underlying index on the valuation date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
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CUSIP/ISIN:
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89115HHH3 / US89115HHH30
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Listing:
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The Trigger PLUS will not be listed or displayed on any securities exchange or any electronic communications network.
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Commission:
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$35.00 per stated principal amount.
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Estimated value on the
pricing date:
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Expected to be between $905.00 and $940.00 per Trigger PLUS. See “Risk Factors” in the preliminary pricing supplement.
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Preliminary pricing
supplement
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http://www.sec.gov/Archives/edgar/data/947263/000114036125023736/ef20051078_424b2.htm |
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HYPOTHETICAL PAYOUT
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Change in Underlying Index
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Payment at Maturity
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+40.000%
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$1,434.52
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+30.000%
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$1,325.89
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+20.000%
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$1,217.26
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+10.000%
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$1,108.63
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0.000%
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$1,000.00
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-5.000%
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$1,000.00
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-10.000%
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$1,000.00
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-15.000%
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$1,000.00
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-20.000%
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$800.00
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-50.000%
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$500.00
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-75.000%
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$250.00
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-100.000%
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$0.00
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Risk of significant loss at maturity; you may lose up to your entire investment.
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The stated payout from the issuer applies only at maturity.
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You will not receive any interest payments.
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The amount payable on the Trigger PLUS is not linked to the value of the underlying index at any time other than the valuation date.
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Owning the Trigger PLUS is not the same as owning the index constituent stocks.
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An investment in the Trigger PLUS involves market risk associated with the underlying index.
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There can be no assurance that the investment view implicit in the Trigger PLUS will be successful.
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The underlying index reflects price return, not total return.
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Changes affecting the underlying index could have an adverse effect on the market value of, and any amount payable on, the Trigger PLUS.
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There is no affiliation between the index sponsor and TD, and TD is not responsible for any disclosure by such index sponsor.
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The estimated value of your Trigger PLUS is expected to be less than the public offering price of your Trigger PLUS.
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The estimated value of your Trigger PLUS is based on our internal funding rate.
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The estimated value of the Trigger PLUS is based on our internal pricing models, which may prove to be inaccurate and may be different from the pricing models of other financial institutions.
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The estimated value of your Trigger PLUS is not a prediction of the prices at which you may sell your Trigger PLUS in the secondary market, if any, and such secondary market prices, if any, will likely be less
than the public offering price of your Trigger PLUS and may be less than the estimated value of your Trigger PLUS.
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The temporary price at which the agent may initially buy the Trigger PLUS in the secondary market may not be indicative of future prices of your Trigger PLUS.
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The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.
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There may not be an active trading market for the Trigger PLUS — sales in the secondary market may result in significant losses.
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If the value of the underlying index changes, the market value of your Trigger PLUS may not change in the same manner.
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Investors are subject to TD’s credit risk, and TD’s credit ratings and credit spreads may adversely affect the market value of the Trigger PLUS.
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There are potential conflicts of interest between you and the calculation agent.
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The valuation date, and therefore the maturity date, are subject to market disruption events and postponements.
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Trading and business activities by TD or its affiliates may adversely affect the market value of, and return on, the Trigger PLUS.
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Significant aspects of the tax treatment of the Trigger PLUS are uncertain.
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Source:
FAQ
What are TD's Trigger PLUS securities based on S&P 500 and when do they mature?
What is the potential return structure of TD's Trigger PLUS (CUSIP: 89115HHH3)?
What is the estimated value of TD's Trigger PLUS at pricing date?
What are the key risks of investing in TD's S&P 500-linked Trigger PLUS?
When will TD's Trigger PLUS be issued and what is the minimum investment?
