# EDGAR Filing Document

**Accession Number:** 0000947263
**File Stem:** 0001140361-26-011897
**Filing Date:** 2026-3
**Character Count:** 12973
**Document Hash:** 1bb03a96cec77927ec3b792264f3065c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-011897.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001140361-26-011897

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORONTO DOMINION BANK
- **CENTRAL INDEX KEY:** 0000947263
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 135640479
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-283969
- **FILM NUMBER:** 26811017

**BUSINESS ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2
- **BUSINESS PHONE:** 416-944-6367

**MAIL ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TORONTO DOMINION BANK
- **CENTRAL INDEX KEY:** 0000947263
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 135640479
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2
- **BUSINESS PHONE:** 416-944-6367

**MAIL ADDRESS:**
- **STREET 1:** 66 WELLINGTON STREET WEST
- **STREET 2:** 12TH FLOOR, TD TOWER
- **CITY:** TORONTO, ONTARIO
- **STATE:** A6
- **ZIP:** M5K 1A2

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| | |
|:---|:---|
| ![](logo1.jpg) | **Filed Pursuant to Rule 433**<br> **Registration Statement No. 333-283969**<br> **Dated March 30, 2026** |

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**Market Linked Notes— Upside Participation to a Cap and Principal Return at Maturity**

**Notes Linked to the Lowest Performing of the iShares<sup>®</sup> MSCI EAFE ETF, the iShares<sup>®</sup> Russell 2000 ETF and the State Street<sup>®</sup> SPDR<sup>®</sup> S&P MIDCAP 400<sup>®</sup> ETF Trust due April 4, 2030**

Term Sheet to the Preliminary Pricing Supplement dated March 30, 2026

Summary of Terms

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| | |
|:---|:---|
| Issuer: | The Toronto-Dominion Bank (the "Bank") |
| Underwriters: | TD Securities (USA) LLC and Wells Fargo Securities, LLC |
| Market Measures: | The iShares<sup>®</sup> MSCI EAFE ETF, the iShares<sup>®</sup> Russell 2000 ETF and the State Street<sup>®</sup> SPDR<sup>®</sup> S&P MIDCAP 400<sup>®</sup> ETF Trust (each referred to as a "Fund", and collectively as the "Funds") |
| Pricing Date:\* | March 31, 2026 |
| Issue Date:\* | April 6, 2026. |
| Calculation Day:\* | April 1, 2030, subject to postponement |
| Stated Maturity <br> Date:\* | April 4, 2030, subject to postponement |
| Principal Amount and <br> Original Offering <br> Price: | $1,000 per note |
| Maturity Payment <br> Amount (per <br> Note): | &nbsp;&nbsp;&nbsp; •&nbsp;&nbsp;&nbsp;&nbsp; if the ending price of the lowest performing Fund is greater than its starting price:<br> $1,000 *plus* the *lesser of*:<br> &nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1,000 × fund return of the lowest performing Fund × upside participation rate; and<br> &nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the maximum return; or<br> • if the ending price of the lowest performing Fund is less than or equal to its starting price:<br> $1,000<br> **All payments on the notes are subject to the credit risk of the Bank.**<br>|
| Fund Return: | With respect to each Fund, the *quotient* of (i) its ending price *minus* its starting price *divided by* (ii) its starting price (expressed as a percentage) |
| Lowest Performing <br> Fund: | The "lowest performing Fund" will be the Fund with the lowest fund return. |
| Starting Price: | With respect to each Fund, its fund closing price on the pricing date |
| Ending Price: | With respect to each Fund, its fund closing price on the calculation day |
| Maximum Return: | At least 54.10%, to be determined on the pricing date. As a result of the maximum return, the maximum maturity payment amount will be at least $1,541.00 per note. |
| Upside <br> Participation Rate: | 100% |
| Calculation Agent: | The Bank |
| Denominations: | $1,000 and any integral multiple of $1,000 |
| Agent Discount:\*\* | Up to 3.825%; dealers, including Wells Fargo Advisors, LLC ("WFA"), may receive a selling concession of up to 2.75%, and WFA may receive a distribution expense fee of 0.075% |
| CUSIP / ISIN: | 89115LP44 / US89115LP443 |
| Material Canadian <br> and U.S. Tax <br> Consequences: | See the preliminary pricing supplement |

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<br> \* Subject to change.

\*\* In respect of certain notes, we may pay a fee of up to $3.00 per note to selected securities dealers for marketing and other services in connection with the distribution of the notes to other securities dealers.

Hypothetical Payout Profile\*\*\*

![](image00002.jpg)<br>

\*\*\*assumes a participation rate equal to the lowest possible participation rate that may be determined on the pricing date.

**If the ending price of the lowest performing Fund is less than or equal to its starting price, you will receive no positive return on the notes at maturity.**

***Our estimated value of the notes at the time the terms of your notes are set on the pricing date is expected to be between $905.00 and $940.00 per note. The estimated value is expected to be less than the public offering price of the notes. See "Estimated Value of the Notes" in the preliminary pricing supplement.***

#### Preliminary pricing supplement:
[http://www.sec.gov/Archives/edgar/data/947263/000114036126011882/ef20068561_424b2.htm](https://www.sec.gov/Archives/edgar/data/947263/000114036126011882/ef20068561_424b2.htm)

**This introductory term sheet does not provide all of the information that an investor should consider prior to making an investment decision. The notes have complex features and investing in the notes involves a number of risks. See "Selected Risk Considerations" in the preliminary pricing supplement, "Risk Factors" beginning on page PS-5 of the product supplement MLN-WF-2 dated March 27, 2026 (the "product supplement") and "Risk Factors" on page 1 of the prospectus dated February 26, 2025 (the "prospectus"). The notes 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.**<br>

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Selected Risk Considerations

The risks set forth below are discussed in detail in "Selected Risk Considerations" in the preliminary pricing supplement and "Risk Factors" in the product supplement and the prospectus. Please review those risk disclosures carefully.

#### Risks Relating To The Notes Generally
&nbsp;&nbsp;&nbsp;&nbsp;• You May Receive No Positive Return On Your Notes At Maturity.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes Do Not Pay Interest.

&nbsp;&nbsp;&nbsp;&nbsp;• You Will Be Required To Recognize Taxable Income On The Notes Prior To Maturity.

&nbsp;&nbsp;&nbsp;&nbsp;• Your Return Will Be Limited To The Maximum Return And May Be Lower Than The Return On A Direct Investment In The Lowest Performing Fund.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes Are Subject To The Market Risks Of Each Fund And Will Be Negatively Affected If Any Fund Performs Poorly, Even If Another Fund Performs Favorably.

&nbsp;&nbsp;&nbsp;&nbsp;• Your Return On The Notes Will Depend Solely On The Performance Of The Lowest Performing Fund, And You Will Not Benefit In Any Way From The Performance Of A Better Performing Fund.

&nbsp;&nbsp;&nbsp;&nbsp;• You Will Be Subject To Risks Resulting From The Relationship Among The Funds.

&nbsp;&nbsp;&nbsp;&nbsp;• The Calculation Day And The Stated Maturity Date Are Subject To Market Disruption Events And Postponements.

#### Risks Relating To An Investment In the Bank's Debt Securities, Including The Notes
&nbsp;&nbsp;&nbsp;&nbsp;• 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 Notes.

#### Risks Relating To The Estimated Value Of The Notes And Any Secondary Market
&nbsp;&nbsp;&nbsp;&nbsp;• The Estimated Value Of Your Notes Is Expected To Be Less Than The Original Offering Price Of Your Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• The Estimated Value Of Your Notes Is Based On Our Internal Funding Rate.

&nbsp;&nbsp;&nbsp;&nbsp;• The Estimated Value Of The Notes 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.

&nbsp;&nbsp;&nbsp;&nbsp;• The Estimated Value Of Your Notes Is Not A Prediction Of The Prices At Which You May Sell Your Notes In The Secondary Market, If Any, And Such Secondary Market Prices, If Any, Will Likely Be Less Than The
 Original Offering Price Of Your Notes And May Be Less Than The Estimated Value Of Your Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• The Temporary Price At Which We May Initially Buy The Notes In The Secondary Market May Not Be Indicative Of Future Prices Of Your Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• The Agent Discount, Offering Expenses And Certain Hedging Costs Are Likely To Adversely Affect Secondary Market Prices.

&nbsp;&nbsp;&nbsp;&nbsp;• There May Not Be An Active Trading Market For The Notes — Sales In The Secondary Market May Result In Significant Losses.

&nbsp;&nbsp;&nbsp;&nbsp;• If The Prices Of The Funds Or Their Constituents Change, The Market Value Of Your Notes May Not Change In The Same Manner.

#### Risks Relating To The Funds
&nbsp;&nbsp;&nbsp;&nbsp;• Investing In The Notes Is Not The Same As Investing In Any Market Measure .

&nbsp;&nbsp;&nbsp;&nbsp;• Historical Values Of A Market Measure Should Not Be Taken As An Indication Of The Future Performance Of Such Market Measure During The Term Of The Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• Changes That Affect A Fund Or Its Fund Underlying Index May Adversely Affect The Value Of The Notes And Any Payments On The Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• We, The Agents And Our Respective Affiliates Cannot Control Actions By Any Of The Unaffiliated Companies Whose Securities Are Included In A Fund Or Its Fund Underlying Index.

&nbsp;&nbsp;&nbsp;&nbsp;• We And Our Affiliates And the Agents And Their Affiliates Have No Affiliation With Any Fund Sponsor Or Fund Underlying Index Sponsor And Have Not Independently Verified Their Public Disclosure Of Information.

&nbsp;&nbsp;&nbsp;&nbsp;• An Investment Linked To The Shares Of A Fund Is Different From An Investment Linked To Its Fund Underlying Index.

&nbsp;&nbsp;&nbsp;&nbsp;• There Are Management And Liquidity Risks Associated With A Fund.

&nbsp;&nbsp;&nbsp;&nbsp;• Anti-dilution Adjustments Relating To The Shares Of A Fund Do Not Address Every Event That Could Affect Such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes May Be Subject To Non-U.S. Currency Exchange Rate Risk.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes Are Subject to Risks Associated With
 Non-U.S. Securities.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes Are Subject To Risks Associated With Small-Capitalization Companies.

&nbsp;&nbsp;&nbsp;&nbsp;• The Notes Are Subject To Mid-Capitalization Stock Risks.

#### Risks Relating To Hedging Activities And Conflicts Of Interest
&nbsp;&nbsp;&nbsp;&nbsp;• Trading And Business Activities By The Bank Or Its Affiliates May Adversely Affect The Market Value Of, And Any Amount Payable On, The Notes.

&nbsp;&nbsp;&nbsp;&nbsp;• There Are Potential Conflicts Of Interest Between You And The Calculation Agent.

#### Risks Relating To Canadian And U.S. Federal Income Taxation
&nbsp;&nbsp;&nbsp;&nbsp;• The Tax Consequences Of An Investment In The Notes Are Unclear.

The Bank has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Bank has filed with the SEC for more complete information about the Bank and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Bank, any Underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling your financial advisor or by calling Wells Fargo Securities, LLC at 866-346-7732.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

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