Filed Pursuant to Rule 433
Registration Statement No. 333-262557
Dated January 11, 2024
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Market Linked Securities – Contingent Fixed Return and Fixed Percentage Buffered Downside
Principal at Risk Securities Linked to the S&P 500® Index due January 18, 2028
Term Sheet to the Preliminary Pricing Supplement dated January 11, 2024
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Issuer:
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The Toronto-Dominion Bank (the “Bank”)
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Underwriters:
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TD Securities (USA) LLC. and Wells Fargo Securities, LLC
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Market Measure:
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S&P 500® Index (the “Index”) (Bloomberg Ticker: SPX)
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Pricing Date:*
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January 12, 2024
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Issue Date:*
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January 18, 2024
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Face Amount and
Original Offering Price:
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$1,000 per security
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Maturity Payment
Amount (per Security):
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• If the ending level is greater than or equal to the threshold level:
$1,000 + the contingent fixed return; or
• If the ending level is less than the threshold level:
$1,000 + [$1,000 × {index return + buffer amount)]
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Index Return:
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The ending level minus the starting level divided by the starting level (expressed as a
percentage)
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Calculation Day:*
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January 12, 2028, subject to postponement
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Stated Maturity Date:*
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January 18, 2028, subject to postponement
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Starting Level:
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The closing level of the Index on the pricing date
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Ending Level:
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The closing level of the Index on the calculation day
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Contingent Fixed Return:
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At least 31.25% of the face amount (at least $312.50) per security, to be determined on the pricing date
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Threshold Level:
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80% of the starting level
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Buffer Amount:
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20%
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Calculation Agent:
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The Bank
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Denominations:
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$1,000 and any integral multiple of $1,000
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Agent Discount:**
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Up to 0.825%; dealers, including Wells Fargo Advisors, LLC (“WFA”), may receive a selling concession of up to 0.25%, and WFA may receive a distribution expense fee of
0.075%.
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CUSIP / ISIN:
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89115FQ38 / US89115FQ385
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Material Canadian and
U.S. Tax Consequences:
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See the preliminary pricing supplement.
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* |
Subject to change.
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** |
In respect of certain securities, we may pay a fee of up to $4.00 per security to selected securities dealers for marketing and other services in connection with the distribution of the securities to other
securities dealers.
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This introductory term sheet does not provide all of the information that an investor should consider prior to making
an investment decision. The securities have complex features and investing in the securities involves a number of risks. See “Selected Risk Considerations” beginning on page P-8 of the preliminary pricing supplement, “Risk
Factors” beginning on page PS-5 of the product supplement MLN-WF-1 dated August 31, 2022 (the “product supplement”) and “Risk Factors” on page 1 of the prospectus dated March 4, 2022 (the “prospectus”). The securities are not a bank deposit
and not insured or guaranteed by the Canada Deposit Insurance Corporation, the U.S. Federal Deposit Insurance Corporation or any other governmental agency or instrumentality of Canada or the United States.
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If The Ending Level Is Less Than The Threshold Level, You Will Lose Some, And Possibly Up To 80%, Of The Face Amount Of Your Securities At Maturity.
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The Potential Return On The Securities Is Limited To The Contingent Fixed Return And May Be Lower Than The Return On A Hypothetical Direct Investment In The Index.
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No Periodic Interest Will Be Paid On The Securities.
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The Return On Your Securities May Change Significantly Despite Only A Small Change In The Level Of The Index.
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Investors Are Subject To The Bank’s Credit Risk, And The Bank’s Credit Ratings And Credit Spreads May Adversely Affect The Market Value Of The Securities.
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The Estimated Value Of Your Securities Is Expected To Be Less Than The Original Offering Price Of Your Securities.
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The Estimated Value Of Your Securities Is Based On Our Internal Funding Rate.
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The Estimated Value Of The Securities Is Based On Our Internal Pricing Models, Which May Prove To Be Inaccurate And May Be Different From The Pricing Models Of Other Financial Institutions.
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The Estimated Value Of Your Securities Is Not A Prediction Of The Prices At Which You May Sell Your Securities In The Secondary Market, If Any, And Such Secondary Market Prices, If Any, Will Likely Be Less
Than The Original Offering Price Of Your Securities And May Be Less Than The Estimated Value Of Your Securities.
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The Temporary Price At Which We May Initially Buy The Securities In The Secondary Market May Not Be Indicative Of Future Prices Of Your Securities.
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The Agent Discount, Offering Expenses And Certain Hedging Costs Are Likely To Adversely Affect Secondary Market Prices.
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There May Not Be An Active Trading Market For The Securities — Sales In The Secondary Market May Result In Significant Losses.
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•
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If The Level Of The Index Changes, The Market Value Of Your Securities May Not Change In The Same Manner.
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The Index Reflects Price Return Only And Not Total Return.
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The Maturity Payment Amount Will Depend Upon The Performance Of The Index And Therefore The Securities Are Subject To The Following Risks, Each As Discussed In More Detail In The Accompanying Product
Supplement.
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Investing In The Securities Is Not The Same As Investing In The Index.
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Historical Levels Of The Index Should Not Be Taken As An Indication Of The Future Performance Of The Index During The Term Of The Securities.
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Changes That Affect The Index May Adversely Affect The Value Of The Securities And The Maturity Payment Amount.
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We Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In The Index.
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We And Our Affiliates And The Agents And Their Affiliates Have No Affiliation With The Index Sponsor (Except To The Extent Wells Fargo & Company (The Parent Company Of Wells Fargo Securities) Is Included
In The S&P 500® Index) And Have Not Independently Verified Its Public Disclosure Of Information.
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Trading And Business Activities By The Bank Or Its Affiliates May Adversely Affect The Market Value Of, And Any Amount Payable On, The Securities.
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There Are Potential Conflicts Of Interest Between You And The Calculation Agent.
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The Tax Consequences Of An Investment In The Securities Are Unclear.
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