Registration Statement No. 333-262557
ACCELERATED RETURN NOTES® (ARNs®)
|
ARNs® Linked to the EURO STOXX 50® Index
|
Issuer
|
The Toronto-Dominion Bank (“TD”)
|
||
Principal Amount
|
$10.00 per unit
|
||
Term
|
Approximately fourteen months
|
||
Market Measure
|
The EURO STOXX 50® Index (Bloomberg symbol: “SX5E”)
|
||
Payout Profile at Maturity
|
• 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
|
||
Participation Rate
|
300.00%
|
||
Capped Value
|
[$11.45 to $11.85] per unit, a [14.50% to 18.50%] return over the principal amount, to be determined on the pricing date
|
||
Interest Payments
|
None
|
||
Preliminary Offering
Documents
|
|||
Exchange Listing
|
No
|
•
|
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.
|
•
|
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.
|
•
|
Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the
Market Measure.
|
•
|
The initial estimated value of the notes on the pricing date will be less than their public offering price.
|
•
|
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.
|
•
|
You will have no rights of a holder of the securities represented by the Market Measure, and you will not be entitled to receive securities or dividends or other
distributions by the issuers of those securities.
|
•
|
Your return on the notes may be affected by factors affecting the international securities markets, specifically changes within the Eurozone. The Eurozone is and has
been undergoing severe financial stress, and the political, legal and regulatory ramifications are impossible to predict. Changes within the Eurozone could adversely affect the performance of the Market Measure and, consequently,
the value of the notes. In addition, you will not obtain the benefit of any increase in the value of the euro against the U.S. dollar, which you would have received if you had owned the securities in the Market Measure during the
term of your notes, although the level of the Market Measure may be adversely affected by general exchange rate movements in the market.
|
Hypothetical
Percentage Change
from the Starting
Value to the Ending
Value
|
Hypothetical
Redemption
Amount per Unit
|
Hypothetical Total
Rate of Return on
the Notes
|
-100.00%
|
$0.00
|
-100.00%
|
-75.00%
|
$2.50
|
-75.00%
|
-50.00%
|
$5.00
|
-50.00%
|
-40.00%
|
$6.00
|
-40.00%
|
-30.00%
|
$7.00
|
-30.00%
|
-20.00%
|
$8.00
|
-20.00%
|
-10.00%
|
$9.00
|
-10.00%
|
-5.00%
|
$9.50
|
-5.00%
|
0.00%
|
$10.00
|
0.00%
|
2.00%
|
$10.60
|
6.00%
|
4.00%
|
$11.20
|
12.00%
|
5.50%
|
$11.65(1)
|
16.50%
|
10.00%
|
$11.65
|
16.50%
|
20.00%
|
$11.65
|
16.50%
|
30.00%
|
$11.65
|
16.50%
|
40.00%
|
$11.65
|
16.50%
|
50.00%
|
$11.65
|
16.50%
|
(1)
|
The Redemption Amount per unit cannot exceed the hypothetical Capped Value.
|