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Issuer:
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The Toronto-Dominion Bank
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Issue:
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Debt Securities, Series H
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Underlying stock:
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Common Stock of Robinhood Markets, Inc. (Bloomberg Ticker: “HOOD UW”)
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Stated principal
amount:
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$1,000.00 per security
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Minimum investment:
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$1,000 (1 security)
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Pricing date:
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March 28, 2025
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Original issue date:
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April 2, 2025 (3 business days after the pricing date; see preliminary pricing supplement).
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Final determination
date:
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March 28, 2028, 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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March 31, 2028, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
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Early redemption:
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If the closing price of the underlying stock on any determination date other than the final determination date is greater than or
equal to the call threshold price, the securities will be automatically redeemed for an amount per security equal to the early redemption payment on the first contingent coupon payment date immediately following the related
determination date. No further payments will be made on the securities once they have been redeemed.
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Early redemption
payment:
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The early redemption payment will be an amount equal to (i) the stated principal amount plus (ii) the contingent quarterly coupon with respect to the applicable
determination date and any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature.
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Contingent quarterly
coupon:
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If the closing price on any determination date is greater than or equal to the downside threshold price, we will pay on the
related contingent coupon payment date a contingent quarterly coupon of $53.25 (equivalent to 21.30% per annum of the stated principal amount) per security, plus any previously unpaid contingent quarterly coupons with respect to any
previous determination dates pursuant to the memory coupon feature.
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If the closing price on any determination date is less than the downside threshold price, we will not pay a contingent
quarterly coupon on the related contingent coupon payment date.
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Memory coupon
feature
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If a contingent quarterly coupon is not paid on a contingent coupon payment date (other than the maturity date) because the closing price of the underlying stock on
the related determination date is less than the downside threshold price, such contingent quarterly coupon will be paid on a later contingent coupon payment date if the closing price of the underlying stock on the determination date
corresponding to such later contingent coupon payment date is greater than or equal to the downside threshold price. For the avoidance of doubt, once a previously unpaid contingent quarterly coupon has been paid on a later contingent
coupon payment date, it will not be made again on any subsequent contingent coupon payment date.
If the closing price of the underlying stock on each of the determination dates is less than the downside threshold price, you will receive no
contingent quarterly coupons during the term of, and will not receive a positive return on, the securities.
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Determination dates:
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Quarterly (as set forth on the cover of the preliminary pricing supplement), subject to postponement for non-trading days and certain market disruption events as
described in the accompanying product supplement
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Contingent coupon
payment dates:
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Quarterly (as set forth on the cover of the preliminary pricing supplement), subject to postponement for non-business days and certain market disruption events as
described in the accompanying product supplement
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Payment at maturity:
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If the final share price is greater than or equal to the downside threshold price:
(i) the stated principal amount plus (ii) the contingent quarterly coupon with respect to the final determination date and
any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature.
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If the final share price is less than the downside threshold price:
(i) the stated principal amount multiplied by (ii) the share performance factor
If the final share price is less than the downside threshold price, the payment at maturity will be less than 50.00% of the stated principal amount
and could be as low as zero.
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Share performance
factor:
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Final share price divided by the initial share price
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Call threshold price:
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100.00% of the initial share price, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
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Downside threshold
price:
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50.00% of the initial share price, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
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Initial share price:
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The closing price of the underlying stock 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 share price:
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The closing price of the underlying stock on the final determination 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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89115H6Q5 / US89115H6Q59
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Listing:
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The securities will not be listed or displayed on any securities exchange or any electronic communications network.
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Commission:
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$22.50 per stated principal amount
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Estimated value on
the pricing date:
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Expected to be between $915.00 and $950.00 per security. See “Risk Factors” in the preliminary pricing supplement.
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Preliminary pricing
supplement:
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