Registration Statement No. 333-262557
AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®
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Autocallable Strategic Accelerated Redemption Securities® Linked to the VanEck® Gold Miners ETF
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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 five years, if not called earlier
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Market Measure
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The VanEck® Gold Miners ETF (Bloomberg symbol: “GDX”)
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Automatic Call
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The notes will be called automatically if the Observation Level of the Market Measure on any of the Observation Dates is equal to or greater than the Call Level
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Observation Level
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The Closing Market Price of the Market Measure on any Observation Date
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Observation Dates
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Approximately one, two, three, four and five years from the pricing date
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Call Level
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100.00% of the Starting Value
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Call Amounts
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[$11.00 to $11.10] if called on the first Observation Date, [$12.00 to $12.20] if called on the second Observation Date, [$13.00 to $13.30] if called on the third
Observation Date, [$14.00 to $14.40] if called on the fourth Observation Date and [$15.00 to $15.50] if called on the final Observation Date
, each to be determined on the pricing date
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Payout Profile at Maturity
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If the notes are not called, 1-to-1 downside exposure to decreases in the Market Measure beyond a 15.00% decline, with up to 85.00% of your principal amount at risk
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Threshold Value
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85.00% of the Starting Value
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Interest Payments |
None
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Preliminary Offering
Documents
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Exchange Listing
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No
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If your notes are not called, depending on the performance of the Underlying Fund 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 our credit risk, and actual or perceived changes in our creditworthiness are expected to affect the value of the
notes. If we become insolvent or are unable to pay our obligations, you may lose your entire investment.
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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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If you attempt to sell the notes prior to maturity, their market value may be lower than both the public offering price and the initial estimated value
of the notes on the pricing date.
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If called, your return on the notes is limited to the applicable Call Premium.
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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 or the securities held by the Market Measure.
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There are liquidity and management risks associated with the Market Measure.
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The performance of the Market Measure may not correlate with the performance of its underlying index 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 shares of the Market Measure and/or the securities held by the Market Measure may be adversely affected, sometimes materially.
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Payments on the notes will not be adjusted for all corporate events that could affect the Market Measure.
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All of the securities held by the Underlying Fund are concentrated in one industry.
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A limited number of securities may affect the price of the Underlying Fund, and the securities included in the Underlying Index are not necessarily representative of the
gold and silver mining industry.
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The performance of the Underlying Fund may be influenced by gold and silver prices.
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There is no direct correlation between the value of the notes or the price of the Underlying Fund, on the one hand, and gold and silver prices, on the other hand.
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The notes will be subject to risks associated with small-capitalization and mid-capitalization companies.
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NYSE Arca, Inc., the sponsor and compiler of the Underlying Index, retains significant control and discretionary decision-making over the Underlying Index and is
responsible for decisions regarding the interpretation of and amendments to the Underlying Index rules, which may have an adverse effect on the price of the Underlying Fund, the market value of the notes and the amount payable on the
notes.
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