# EDGAR Filing Document

**Accession Number:** 0000947263
**File Stem:** 0001140361-25-023654
**Filing Date:** 2025-6
**Character Count:** 8041
**Document Hash:** b8573e69cb35c3472b9be893904a0543
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-023654.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001140361-25-023654

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**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:** 251073961

**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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**Filed Pursuant to Rule 433<br> Registration Statement No. 333-283969**

**** 

<br> ACCELERATED RETURN NOTES<sup>®</sup> (ARNs<sup>®</sup>)<br>

  <u> ARNs<sup>®</sup> Linked to the iShares<sup>®</sup> MSCI Emerging Markets ex China ETF </u>

---

| | |
|:---|:---|
| **Issuer** | The Toronto-Dominion Bank ("TD") |
| **Principal Amount** | $10.00 per unit |
| **Term** | Approximately fourteen months |
| **Market Measure** | The iShares<sup>®</sup> MSCI Emerging Markets ex China ETF (Bloomberg symbol: "EMXC") |
| **Payout Profile at Maturity** | ● 3-to-1 upside exposure to increases in the Market Measure, subject to the Capped Value<br> ● 1-to-1 downside exposure to decreases in the Market Measure, with up to 100.00% of your principal at risk |
| **Participation Rate** | 300.00% |
| **Capped Value** | [$11.20 to $11.60] per unit, a [12.00% to 16.00%] return over the principal amount, to be determined on the pricing date |
| **Interest Payments** |  |
| **Preliminary Offering Documents** | [http://www.sec.gov/Archives/edgar/data/947263/000114036125023591/ef20050888_424b2.htm](https://www.sec.gov/Archives/edgar/data/947263/000114036125023591/ef20050888_424b2.htm) |
| **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:

● Depending on the performance of the Market Measure 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 the credit risk of TD, and actual or perceived changes in the creditworthiness of TD are expected to affect the value of the notes. If TD becomes unable to meet its financial obligations as they become due, you may lose some or all of your investment.

● Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the Market Measure or the securities held by the Market Measure.

● The initial estimated value of the notes on the pricing date will be less than their public offering price.

● The initial 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 exists, and such secondary market prices, if any, will likely be less than the public offering price of your notes, may be less than the initial estimated value of your notes and could result in a substantial loss to you.

● You will have no rights of a holder of the Market Measure or the securities held by the Market Measure, and you will not be entitled to receive any shares of the Market Measure or the securities held by the Market Measure, or any dividends or other distributions in respect of the Market Measure or the securities held by the Market Measure.

● There are liquidity and management risks associated with the Market Measure.

● The performance of the Market Measure may not correlate with the performance of its underlying index as well as the net asset value per share of the Market Measure, especially during periods of market volatility when the liquidity and the market price of the shares of the Market Measure and/or the securities held by the Market Measure may be adversely affected, sometimes materially.

● Payments on the notes will not be adjusted for all corporate events that could affect the Market Measure.

● The notes are subject to foreign currency exchange rate risk.

● The notes are subject to risks associated with foreign securities markets.

● The notes are subject to risks associated with emerging markets.

<br> ● The Market Measure commenced trading recently and has limited actual historical information.

<br> ● A limited number of equity securities held by the Market Measure may affect its price.<br>

*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.*

![](image00001.jpg)

*The graph above and the table below reflect the hypothetical return on the notes, based on the terms contained in the table to the left (using the mid-point for any range(s)). The graph and table have been prepared for purposes of illustration only and do not take into account any tax consequences from investing in the notes.

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| | | |
|:---|:---|:---|
| **Hypothetical** <br> **Percentage** <br> **Change from the** <br> **Starting Value to** <br> **the Ending Value** | **Hypothetical** <br> **Redemption** <br> **Amount per Unit** | **Hypothetical** <br> **Total Rate of** <br> **Return on the** <br> **Notes** |
| -100.00% | $0.00 | -100.00% |
| -75.00% | $2.50 | -75.00% |
| -50.00% | $5.00 | -50.00% |
| -40.00% | $6.00 | -40.00% |
| -30.00% | $7.00 | -30.00% |
| -20.00% | $8.00 | -20.00% |
| -10.00% | $9.00 | -10.00% |
| -5.00% | $9.50 | -5.00% |
| 0.00% | $10.00 | 0.00% |
| 2.00% | $10.60 | 6.00% |
| 4.00% | $11.20 | 12.00% |
| 4.67% | $11.40 | 14.00% |
| 10.00% | $11.40 | 14.00% |
| 20.00% | $11.40 | 14.00% |
| 30.00% | $11.40 | 14.00% |
| 40.00% | $11.40 | 14.00% |
| 50.00% | $11.40 | 14.00% |

---

*

&nbsp;&nbsp;&nbsp;&nbsp;(1) The Redemption Amount per unit cannot exceed the **hypothetical** Capped Value.

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.

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