TD Bank Files FWP for New Securities Offering

TL;DR

**TD Bank just filed an FWP, signaling new securities are coming.**

AI Summary

The Toronto-Dominion Bank (TD) filed a Free Writing Prospectus (FWP) on March 24, 2026, under SEC Accession No. 0001140361-26-010857. This filing, related to their existing shelf registration (File No. 333-283969), indicates that TD is actively marketing or preparing to market new securities. For investors, this means TD is likely raising capital, which could be for growth initiatives, refinancing debt, or other corporate purposes, potentially impacting future earnings or dilution.

Why It Matters

This FWP signals TD Bank's intent to issue new securities, which could provide capital for strategic growth or operational needs, but also potentially dilute existing shareholders if equity is issued.

Risk Assessment

Risk Level: medium — The risk is medium because while raising capital can be good, the specifics of the offering (debt vs. equity, use of proceeds) are unknown and could impact shareholders positively or negatively.

Analyst Insight

An investor should monitor subsequent filings (like a pricing supplement or prospectus supplement) from The Toronto-Dominion Bank to understand the specific terms (e.g., debt vs. equity, interest rate, maturity, use of proceeds) of the securities being offered, as this will determine the actual impact on the stock.

Key Numbers

• 2026-03-24 — Filing Date (The date the FWP was filed, indicating recent activity.)
• 85976 — FWP Document Size (The size in bytes of the primary FWP document, indicating its content volume.)

Key Players & Entities

• TORONTO DOMINION BANK (company) — the filer and subject of the FWP
• 0000947263 (company) — CIK for TORONTO DOMINION BANK
• 0001140361-26-010857 (dollar_amount) — SEC Accession Number for this FWP filing
• 2026-03-24 (person) — Filing Date
• 333-283969 (dollar_amount) — File Number for the underlying registration statement

Forward-Looking Statements

• TD Bank will announce the specific terms of a new securities offering. (TORONTO DOMINION BANK) — high confidence, target: 2026-04-24

FAQ

Key Financial Figures

• $1,000.00 — cker: "RTY") Stated principal amount: $1,000.00 per security Minimum investment: $1,0
• $24.15 — t date a contingent quarterly coupon of $24.15 (equivalent to 9.66% per annum of the s
• $20.00 — c communications network. Commission: $20.00 per stated principal amount. Estimated
• $935.00 — pricing date: Expected to be between $935.00 and $970.00 per security. See "Risk Fac
• $970.00 — te: Expected to be between $935.00 and $970.00 per security. See "Risk Factors" in the
• $690.00 — $1,000.00 -30.00% $1,000.00 -31.00% $690.00 -40.00% $600.00 -50.00% $500.00 -6
• $600.00 — $1,000.00 -31.00% $690.00 -40.00% $600.00 -50.00% $500.00 -60.00% $400.00 -7
• $500.00 — 0% $690.00 -40.00% $600.00 -50.00% $500.00 -60.00% $400.00 -70.00% $300.00 -8
• $400.00 — 0% $600.00 -50.00% $500.00 -60.00% $400.00 -70.00% $300.00 -80.00% $200.00 -9
• $300.00 — 0% $500.00 -60.00% $400.00 -70.00% $300.00 -80.00% $200.00 -90.00% $100.00 -1
• $200.00 — 0% $400.00 -70.00% $300.00 -80.00% $200.00 -90.00% $100.00 -100.00% $0.00 A-1
• $100.00 — 0% $300.00 -80.00% $200.00 -90.00% $100.00 -100.00% $0.00 A-1 You will find a
• $0.00 — % $200.00 -90.00% $100.00 -100.00% $0.00 A-1 You will find a link to the acco

Filing Documents

• ef20068586_fwp.htm (FWP) — 84KB
• image0.jpg (GRAPHIC) — 5KB
• 0001140361-26-010857.txt ( ) — 92KB

From the Filing

FREE WRITING PROSPECTUS ISSUER FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 Registration Statement No. 333-283969 Dated March 24, 2026 Contingent Income Auto-Callable Securities due September 30, 2027 Based on the Worst Performing of the Nasdaq-100 Index and the Russell 2000 Index Principal at Risk Securities This document provides a summary of the terms of the Contingent Income Auto-Callable Securities (the "securities"). Investors should carefully review the accompanying preliminary pricing supplement for the securities, the accompanying product supplement, the underlier supplement and the prospectus, as well as the "Risk Considerations" section below, before making an investment decision. The securities do not guarantee any return of principal at maturity. Investors will not participate in any appreciation of any underlying index and must be willing to accept the risk of not receiving any contingent quarterly coupons over the term of the securities. The securities are senior debt securities issued by The Toronto-Dominion Bank ("TD"), and all payments on the securities are subject to the credit risk of TD. As used in this document, "we," "us," or "our" refers to The Toronto-Dominion Bank and its subsidiaries. SUMMARY TERMS Issuer: The Toronto-Dominion Bank Issue: Senior Debt Securities, Series H Underlying indices: Nasdaq-100 Index (Bloomberg Ticker: "NDX") Russell 2000 Index (Bloomberg Ticker: "RTY") $1,000.00 per security Minimum investment: $1,000.00 (1 security) Pricing date: March 26, 2026 Original issue date: March 31, 2026 (3 business days after the pricing date; see preliminary pricing supplement). Final determination date: September 27, 2027, subject to postponement for certain market disruption events and as described in the accompanying product supplement. Maturity date: September 30, 2027, subject to postponement for certain market disruption events and as described in the accompanying product supplement. Early redemption: If the index closing values of all of the underlying indices on any determination date other than the final determination date are greater than or equal to their respective call threshold levels, the securities will be automatically redeemed for an amount per security equal to the early redemption payment on the first contingent coupon payment date immediately following the related determination date. No further payments will be made on the securities once they have been redeemed. The securities will not be redeemed early on any contingent coupon payment date if the index closing value of any underlying index is below its call threshold level on the related determination date. Early redemption payment: The early redemption payment will be an amount equal to (i) the stated principal amount plus (ii) the contingent quarterly coupon with respect to the applicable determination date and any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature. Contingent quarterly coupon: If the index closing values of all of the underlying indices on any determination date are greater than or equal to their respective coupon threshold levels, we will pay on the related contingent coupon payment date a contingent quarterly coupon of $24.15 (equivalent to 9.66% per annum of the stated principal amount) per security, plus any previously unpaid contingent quarterly coupons with respect to any previous determination dates pursuant to the memory coupon feature. If the index closing value of any underlying index on any determination date is less than its coupon threshold level, we will not pay a contingent quarterly coupon on the related contingent coupon payment date. It is possible that any underlying index will remain below its downside threshold level for extended periods of time or even throughout the entire term of the securities so that you will receive few or no contingent quarterly coupons. Memory coupon feature: If a contingent quarterly coupon is not paid on a contingent coupon payment date (other than the maturity date) because the index closing value of any underlying index on the related determination date is less than its coupon threshold level, such contingent quarterly coupon will be paid on a later contingent coupon payment date if the index closing value of all of the underlying indices on the determination date corresponding to such later contingent coupon payment date are greater than or equal to their respective coupon threshold levels. For the avoidance of doubt, once a previously unpaid contingent quarterly coupon has been paid on a later contingent coupon payment date, it will not be paid again on any subsequent contingent coupon payment date. If the index closing value of any underlying index on each of the determination dates is less than its coupon threshold level, you will receive no contingent quarterly coupons during the term of, and will not r

View Full Filing

View this FWP filing on SEC EDGAR