Filed Pursuant to Rule 433
Registration Statement No. 333-283969
|
AUTOCALLABLE STRATEGIC ACCELERATED REDEMPTION SECURITIES®
|
|
Autocallable Strategic Accelerated Redemption Securities® Linked to the S&P 500® Index
|
|||
|
Issuer
|
The Toronto-Dominion Bank (“TD”)
|
||
|
Principal Amount
|
$10.00 per unit
|
||
|
Term
|
Approximately six years, if not called earlier
|
||
|
Market Measure
|
The S&P 500® Index (Bloomberg symbol: “SPX”)
|
||
|
Automatic Call
|
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
|
||
|
Observation Level
|
The closing level of the Market Measure on any Observation Date
|
||
|
Observation Dates
|
Approximately one, two, three, four, five and six years from the pricing date
|
||
|
Call Level
|
100.00% of the Starting Value
|
||
|
Call Amounts
|
[$10.525 to $10.625] if called on the first Observation Date, [$11.050 to $11.250] if called on the second Observation Date, [$11.575 to $11.875] if called on the
third Observation Date, [$12.100 to $12.500] if called on the fourth Observation Date, [$12.625 to $13.125] if called on the fifth Observation Date and [$13.150 to $13.750] if called on the final Observation Date
, each to be determined on the pricing date
|
||
|
Payout Profile at Maturity
|
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
|
||
|
Threshold Value
|
85.00% of the Starting Value
|
||
|
Interest Payments
|
None
|
||
|
Preliminary Offering Documents
|
|||
|
Exchange Listing
|
No
|
||
You should read the relevant Preliminary Offering Documents before you invest. Click on the Preliminary Offering
Documents hyperlink above or call your Financial Advisor for a hard copy.
Risk Factors
Please see the Preliminary Offering Documents for a description of certain risks related to this investment, including, but not limited to, the following:
| • |
If your notes are not called, depending on the performance of the Index 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 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.
|
| • |
The initial estimated value of the notes on the pricing date will be less than their public offering price.
|
| • |
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.
|
| • |
If called, your return on the notes is limited to the applicable Call Premium.
|
| • |
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.
|
Final terms will be set on the pricing date within the given range for the specified Market-Linked Investment. Please see the Preliminary
Offering Documents for complete product disclosure, including related risks and tax disclosure.
TD has filed a registration statement
(including a product supplement and a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this term sheet relates. Before you invest, you should read the Note Prospectus, including this term sheet,
and the other documents that TD has filed with the SEC, for more complete information about TD and this offering. You may get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, TD, any agent, or any
dealer participating in this offering will arrange to send you these documents if you so request by calling MLPF&S or BofAS toll-free at 1-800-294-1322.