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
|
[$10.70 to $10.80] if called on the first Observation Date, [$11.40 to $11.60] if called on the second Observation Date, [$12.10 to $12.40] if called on the third
Observation Date, [$12.80 to $13.20] if called on the fourth Observation Date, [$13.50 to $14.00] if called on the fifth Observation Date and [$14.20 to $14.80] 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, with up to 100.00% of your principal amount at risk
|
||
Threshold Value
|
100.00% of the Starting Value
|
||
Investment Considerations
|
This investment is designed for investors who anticipate that the Observation Level of the Market Measure on at least one of the Observation Dates will be equal to or
greater than the Call Level and, in that case, are willing to have their notes called. This investment is also designed for investors who are willing to accept that their return on their investment will be capped at the applicable Call
Premium, take full downside risk and forgo interim interest payments.
|
||
Preliminary Offering
Documents
|
|||
Exchange Listing
|
No
|
• |
If your notes are not called, your investment will 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.
|