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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 indices:
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Nasdaq-100 Index® (Bloomberg Ticker: “NDX”)
Russell 2000® Index (Bloomberg Ticker: “RTY”)
S&P 500® Index (Bloomberg Ticker: “SPX”)
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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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$1,000.00 (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 observation period
end-date:
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March 29, 2027, 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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April 1, 2027, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
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Optional early redemption:
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TD may elect, on or before any applicable observation period end-date (other than the final observation date), to redeem the securities at its
discretion in whole, but not in part (an “issuer call”), on the contingent coupon payment date corresponding to such observation period end-date (the “redemption date”), regardless of the index closing values of the underlying indices
on such observation period end-date. If TD elects to redeem the securities prior to maturity, the securities will be redeemed for an amount per security equal to the early redemption payment on the redemption date. No further payments
will be made on the securities once they have been redeemed.
TD may elect to redeem the securities at its sole discretion regardless of the performance of the underlying indices.
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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) any contingent quarterly coupon with respect to the applicable quarterly observation
period.
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Contingent quarterly coupon:
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If the index closing values of all of the underlying indices on each trading day during the applicable
quarterly observation period are greater than or equal to their respective coupon threshold levels, we will pay a contingent quarterly coupon of $24.30 (equivalent to 9.72% per annum of the
stated principal amount) per security on the related contingent coupon payment date.
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If the index closing value of any underlying index on any trading day during the applicable quarterly
observation period is less than its coupon threshold level, we will not pay a contingent quarterly coupon with respect to that quarterly observation period.
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Observation period end-
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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Quarterly observation period:
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The first quarterly observation period will consist of each trading day from but excluding the pricing date to and including the first observation period end-date. Each subsequent
quarterly observation period will consist of each trading day from but excluding an observation period end-date to and including the next following observation period end-date.
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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 index values of all of the underlying indices are greater than or equal to their respective
downside threshold levels:
(i) the stated principal amount plus (ii) the contingent quarterly coupon otherwise payable with respect to the final
quarterly observation period
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If the final index value of any underlying index is less than its downside threshold level:
(i) the stated principal amount plus (ii) the stated principal amount times the
underlying return of the worst performing underlying index
If the final index value of any underlying index is less than its downside threshold level, the payment at maturity will be less than 70% of the stated principal
amount and could be as low as zero.
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Underlying return:
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(final index value – initial index value) / initial index value
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Worst performing underlying index:
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The underlying index with the lowest underlying return
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Coupon threshold level*:
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With respect to each underlying index, 70% of its initial index value. The actual coupon threshold levels will be determined on the pricing date.
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Downside threshold level*:
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With respect to each underlying index, 70% of its initial index value. The actual downside threshold levels will be determined on the pricing date.
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Initial index value*:
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With respect to each underlying index, the closing level of such underlying index on the pricing date.
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Final index value*:
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With respect to each underlying index, the closing level of such underlying index on the final observation period end-date.
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CUSIP / ISIN:
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89115H6S1 / US89115H6S16
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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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$20.00 per stated principal amount
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Estimated value on the pricing date:
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Expected to be between $930.00 and $965.00 per security. See “Risk Factors” in the preliminary pricing supplement.
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Preliminary pricing supplement
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