Registration Statement No. 333-262557
Market-Linked One Look 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 12 months
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Market Measure
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The iShares® 20+ Year Treasury Bond ETF (Bloomberg symbol: “TLT”)
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Payout Profile at
Maturity
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• If the Market Measure is flat
or increases, a return equal to the Step Up Payment
• 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 Payment
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[$1.35 to $1.95] per unit, a [13.50% to 19.50%] return over the principal amount, to be determined on the pricing date
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Threshold Value
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100.00% of the Starting Value
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Investment
Considerations
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This investment is designed for investors who anticipate that the Market Measure will increase over the term of the notes, are willing to take full downside risk and forgo interim interest
payments.
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Preliminary Offering
Documents
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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 Step Up Payment 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.
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The performance of the Market Measure may not correlate with the performance of the securities held by the Market Measure 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 Market Measure and/or the securities held by the Market Measure may be adversely affected, sometimes materially.
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The notes provide exposure solely to the Market Measure’s price performance, which excludes all of the Market Measure’s distributions of interest payments and, therefore, an investment in the notes
involves different considerations than a direct investment in the Market Measure.
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The value of the notes may be influenced by unpredictable changes in the markets and economies of the U.S.
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The Market Measure is subject to significant risks, including interest rate-related and credit-related risks.
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Your investment is subject to concentration risks.
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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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0.00%(1)
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$11.65(2)
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16.50%
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5.00%
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$11.65
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16.50%
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10.00%
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$11.65
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16.50%
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15.00%
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$11.65
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16.50%
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16.50%
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$11.65
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16.50%
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20.00%
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$11.65
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16.50%
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30.00%
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$11.65
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16.50%
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40.00%
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$11.65
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16.50%
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50.00%
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$11.65
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16.50%
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60.00%
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$11.65
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16.50%
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(1)
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This hypothetical percentage change corresponds to the Threshold Value.
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(2)
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This amount represents the sum of the principal amount and the Step Up Payment of $1.65.
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