# EDGAR Filing Document

**Accession Number:** 0000947263
**File Stem:** 0001140361-25-022804
**Filing Date:** 2025-6
**Character Count:** 7941
**Document Hash:** afa96e2702ad38c4b92ec04629b94d8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-022804.hdr.sgml**: 20250617

**ACCESSION NUMBER**: 0001140361-25-022804

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250617

**DATE AS OF CHANGE**: 20250617

**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:** 251052965

**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>

**** 

<br> Market-Linked Step Up Notes<br>

  <u> Market-Linked Step Up Notes Linked to the EURO STOXX 50<sup>®</sup>Index </u>

---

| | |
|:---|:---|
| **Issuer** | The Toronto-Dominion Bank ("TD") |
| **Principal Amount** | $10.00 per unit |
| **Term** | Approximately 14 months |
| **Market Measure** | The EURO STOXX 50® Index (Bloomberg symbol: "SX5E") |
| **Payout Profile at**<br> **Maturity** | • If the Market Measure is flat or increases up to the Step Up Value, a return equal to the Step Up Payment<br> • If the Market Measure increases above the Step Up Value, a return equal to the percentage increase in the Market Measure<br> • 1-to-1 downside exposure to decreases in the Market Measure, with up to 100.00% of your principal at risk |
| **Step Up Value** | [107.00% to 111.00%] of the Starting Value, to be determined on the pricing date |
| **Step Up Payment** | [$0.70 to $1.10] per unit, a [7.00% to 11.00%] return over the principal amount, to be determined on the pricing date |
| **Threshold Value** | 100.00% of the Starting Value |
| **Interest Payments** |  |
| **Preliminary Offering**<br> **Documents** | [http://www.sec.gov/Archives/edgar/data/947263/000114036125022795/ef20050568_424b2.htm](https://www.sec.gov/Archives/edgar/data/947263/000114036125022795/ef20050568_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:

<br> • 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.

<br> • 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.

<br> • 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.

• Your return on the notes may be affected by factors affecting the international securities markets, specifically changes within the Eurozone. The Eurozone is and has been undergoing severe financial stress, and the political, legal and regulatory ramifications are impossible to predict. Changes within the Eurozone could adversely affect the performance of the Market Measure and, consequently, the value of the notes. In addition, you will not obtain the benefit of any increase in the value of the euro against the U.S. dollar, which you would have received if you had owned the securities in the Market Measure during the term of your notes, although the level of the Market Measure may be adversely affected by general exchange rate movements in the market.

*The final terms of the notes 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.*

![](image01.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.*

 *---

| | | |
|:---|:---|:---|
| **Hypothetical** <br> **Percentage Change** <br> **from the Starting Value** <br> **to the Ending Value** | **Hypothetical** <br> **Redemption Amount** <br> **per Unit** | **Hypothetical Total Rate of**<br> **Return on the Notes** |
| -100.00% | $0.00 | -100.00% |
| -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% |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.00%<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; $10.90<sup>(2)</sup> | 9.00% |
| 3.00% | $10.90 | 9.00% |
| 6.00% | $10.90 | 9.00% |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%<sup>(3)</sup> | $10.90 | 9.00% |
| 10.00% | $11.00 | 10.00% |
| 20.00% | $12.00 | 20.00% |
| 30.00% | $13.00 | 30.00% |
| 40.00% | $14.00 | 40.00% |
| 50.00% | $15.00 | 50.00% |

---

(1) This **hypothetical** percentage change corresponds to the Threshold Value.

&nbsp;&nbsp;&nbsp;&nbsp;(2) This amount represents the sum of the principal amount and the Step Up Payment of $0.90.

&nbsp;&nbsp;&nbsp;&nbsp;(3) This **hypothetical** percentage change corresponds to the Step Up 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.

------