TD Bank Files 424B2 Prospectus for New Securities Offering

TL;DR

**TD Bank is gearing up to issue new securities; watch for details on what and how much.**

AI Summary

The Toronto Dominion Bank (CIK: 0000947263) filed a 424B2 prospectus on March 24, 2026, related to a new offering under their existing shelf registration (File No.: 333-283969). This filing indicates the bank is preparing to issue new securities, likely debt or equity, to raise capital. For investors, this means potential dilution if equity is issued, or increased debt obligations if bonds are offered, which could impact future earnings per share or credit ratings.

Why It Matters

This filing signals TD Bank's intent to raise capital, which could fund growth initiatives or refinance existing debt, but also potentially dilute existing shareholders or increase leverage.

Risk Assessment

Risk Level: medium — The risk is medium because while capital raising can be positive for growth, the specifics of the offering (e.g., type of security, amount, interest rate) are not yet detailed, leaving uncertainty about its impact on the company's financial health and existing shareholders.

Analyst Insight

A smart investor would monitor subsequent filings (like a final pricing supplement or 8-K) to determine the specific terms of the offering, including the type and amount of securities, and then assess the potential impact on their investment in TD Bank.

Key Numbers

• 424B2 — Form Type (Indicates a prospectus for a new offering under an existing shelf registration)
• 0001140361-26-010851 — SEC Accession No. (Unique identifier for this specific filing)
• 333-283969 — File No. (The registration statement under which this offering is being made)

Key Players & Entities

• TORONTO DOMINION BANK (company) — The Filer of the 424B2 prospectus
• 0000947263 (company) — CIK of TORONTO DOMINION BANK
• 333-283969 (dollar_amount) — File number for the shelf registration statement
• 2026-03-24 (person) — Filing Date and Accepted Date of the 424B2

FAQ

Key Financial Figures

• $1,000.00 — l amount: $ Stated principal amount: $1,000.00 per security Issue price: $1,000.00 p
• $36.425 — ll pay a contingent quarterly coupon of $36.425 (equivalent to 14.57% per annum of the
• $930.00 — pricing date is expected to be between $930.00 and $965.00 per security, as discussed
• $965.00 — e is expected to be between $930.00 and $965.00 per security, as discussed further unde
• $17.50 — eds to Issuer Per security $1,000.00 $17.50 (a) $977.50 + $5.00 (b) $22.50 To
• $977.50 — Per security $1,000.00 $17.50 (a) $977.50 + $5.00 (b) $22.50 Total $ $ $
• $5.00 — ity $1,000.00 $17.50 (a) $977.50 + $5.00 (b) $22.50 Total $ $ $ * As de
• $22.50 — 00 $17.50 (a) $977.50 + $5.00 (b) $22.50 Total $ $ $ * As determined by t

Filing Documents

• ef20068574_424b2.htm (424B2) — 330KB
• image0.jpg (GRAPHIC) — 5KB
• image1.jpg (GRAPHIC) — 95KB
• image2.jpg (GRAPHIC) — 104KB
• image3.jpg (GRAPHIC) — 96KB
• image4.jpg (GRAPHIC) — 43KB
• image5.jpg (GRAPHIC) — 38KB
• 0001140361-26-010851.txt ( ) — 855KB

From the Filing

PRICING SUPPLEMENT The information in this preliminary pricing supplement is not complete and may be changed. We may not sell these securities until the pricing supplement, the accompanying product supplement, underlier supplement and prospectus (collectively, the "Offering Documents") are delivered in final form. The Offering Documents are not an offer to sell these securities and we are not soliciting offers to buy these securities in any state where the offer or sale is not permitted. March 2026 Preliminary Pricing Supplement Dated March 24, 2026 Registration Statement No. 333-283969 Filed pursuant to Rule 424(b)(2) (To Prospectus dated February 26, 2025, Underlier Supplement dated February 26, 2025, and Product Supplement MLN-EI-1 dated February 26, 2025) STRUCTURED INVESTMENTS Opportunities in U.S. Equities Callable Contingent Income Securities with Daily Coupon Observation due March 29, 2029 Based on the Worst Performing of the Nasdaq-100 Index , the Russell 2000 Index and the S&P 500 Index Principal at Risk Securities Callable Contingent Income Securities with Daily Coupon Observation (the "securities") do not guarantee the repayment of principal and do not provide for the regular payment of interest. Instead, the securities offer the opportunity for investors to earn a contingent quarterly coupon on a contingent coupon payment date if the index closing value of each underlying index on each trading day during the applicable quarterly observation period is greater than or equal to 75.00% of its initial index value, which we refer to as its coupon threshold level. However, if the index closing value of any underlying index is less than its coupon threshold level on any trading day during the applicable quarterly observation period, you will not receive any contingent quarterly coupon with respect to the applicable quarterly observation period. As a result, investors must be willing to accept the risk of not receiving any contingent quarterly coupons during the term of the securities. In addition, The Toronto-Dominion Bank ("TD") may elect, on or before any observation period end-date (other than the final observation period end-date), to redeem the securities at its discretion in whole, but not in part (an "issuer call"), on the contingent coupon payment date corresponding to such observation period end-date (the "redemption date"), regardless of the index closing values of the underlying indices on such observation period end-date. If TD elects to redeem the securities prior to maturity, the securities will be redeemed on the redemption date for an amount per security equal to (i) the stated principal amount plus (ii) any contingent quarterly coupon otherwise payable with respect to the applicable quarterly observation period. No further payments will be made on the securities once they have been redeemed. Furthermore, if the final index value of any underlying index is less than 70.00% of its initial index value, which we refer to as its downside threshold level, TD will pay you a cash payment per security that will be less than 70.00% of the stated principal amount of the securities and could be zero and you will be exposed on a 1-to-1 basis to the decline of the worst performing underlying index. In this scenario, you will lose a significant portion or all of your investment in the securities. Accordingly, the securities do not guarantee any return of principal at maturity. Investors will not participate in any increase of the underlying indices and will not realize a return beyond the returns represented by the contingent quarterly coupons received, if any, during the term of the securities. Because all payments on the securities are based on the worst performing underlying index, a decline beyond the respective coupon threshold level of any underlying index on any trading day during the quarterly observation periods will result in few or no contingent quarterly coupons, and a decline beyond the respective downside threshold level of any underlying index on the final observation period end-date will result in a loss of a significant portion and up to your entire investment in the securities, even if the other underlying indices increase or have not declined as much. The securities are for investors who are willing to risk their entire investment based on the worst performing of each of the underlying indices and who seek an opportunity to earn interest at a potentially above-market rate in exchange for the risk of receiving no interest over the entire term of the securities. The securities are senior unsecured debt securities issued by TD. The securities are notes issued as part of TD's Senior Debt Securities, Series H. All payments on the securities are subject to the credit risk of TD. If TD were to default on its payment obligations, you may not receive any amounts owed to you under the securities and you could lose your entire investment in the securities. These securities are

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View this 424B2 filing on SEC EDGAR