TD Bank Offers Autocallable Notes Linked to Nasdaq-100, Russell 2000, Energy ETF

TL;DR

TD Bank launching new notes: 10.55%+ yield if Nasdaq, Russell 2000, XLE stay above 60%!

AI Summary

The Toronto-Dominion Bank is offering Autocallable Contingent Interest Barrier Notes due around April 19, 2029. These notes are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the State Street Energy Select Sector SPDR ETF. The notes will pay a contingent interest rate of at least 10.55% annually if all reference assets are above 60% of their initial value on observation dates.

Why It Matters

This offering provides investors with a structured product that offers potential for high interest payments but is contingent on the performance of major indices and an energy sector ETF.

Risk Assessment

Risk Level: medium — The notes carry market risk as their performance is tied to the volatility of the Nasdaq-100 Index, Russell 2000 Index, and the State Street Energy Select Sector SPDR ETF.

Key Numbers

• 10.55% — Contingent Interest Rate (Minimum annual rate payable if conditions are met.)
• 60.00% — Contingent Interest Barrier (Level below which interest payments may not be made.)
• April 19, 2029 — Maturity Date (When the notes are due.)

Key Players & Entities

• The Toronto-Dominion Bank (company) — Issuer of the notes
• Nasdaq-100 Index (index) — Reference Asset
• Russell 2000 Index (index) — Reference Asset
• State Street Energy Select Sector SPDR ETF (company) — Reference Asset (ETF)
• April 19, 2029 (date) — Maturity Date of the Notes
• 10.55% (dollar_amount) — Minimum annual Contingent Interest Rate
• 60.00% (dollar_amount) — Contingent Interest Barrier Value

FAQ

Key Financial Figures

• $1,000 — rrier Value : the Principal Amount of $1,000 If the Final Value of any Reference As
• $930.00 — Pricing Date is expected to be between $930.00 and $965.00 per Note, as discussed fur
• $965.00 — e is expected to be between $930.00 and $965.00 per Note, as discussed further under "
• $1,000.00 — ount 1 2 Proceeds to TD 2 Per Note $1,000.00 Up to $8.75 At least $991.25 Total
• $8.75 — ds to TD 2 Per Note $1,000.00 Up to $8.75 At least $991.25 Total $ $ $ 1
• $991.25 — Note $1,000.00 Up to $8.75 At least $991.25 Total $ $ $ 1 Certain dealers wh

Filing Documents

• ef20069992_424b3.htm (424B3) — 216KB
• image01.jpg (GRAPHIC) — 4KB
• image02.jpg (GRAPHIC) — 23KB
• image03.jpg (GRAPHIC) — 24KB
• image04.jpg (GRAPHIC) — 25KB
• 0001140361-26-013647.txt ( ) — 323KB

From the Filing

PRICING SUPPLEMENT Filed Pursuant to Rule 424(b)(3) Registration Statement No. 333-283969 The information in this pricing supplement is not complete and may be changed. This pricing supplement is not an offer to sell nor does it seek an offer to buy these Notes in any state where the offer or sale is not permitted. Subject to Completion. Amendment No. 1 Dated April 6, 2026 to the Preliminary Pricing Supplement Dated April 1, 2026. Pricing Supplement dated, 2026 to the Product Supplement MLN-EI-1 dated February 26, 2025, Product Supplement MLN-ES-ETF-1 dated February 26, 2025, Underlier Supplement dated February 26, 2025 and Prospectus dated February 26, 2025 The Toronto-Dominion Bank $ Autocallable Contingent Interest Barrier Notes Linked to the Least Performing of the Nasdaq-100 Index , the Russell 2000 Index and the shares of the State Street Energy Select Sector SPDR ETF Due on or about April 19, 2029 The Toronto-Dominion Bank ("TD" or "we") is offering the Autocallable Contingent Interest Barrier Notes (the "Notes") linked to the least performing of the Nasdaq-100 Index , the Russell 2000 Index and the shares of the State Street Energy Select Sector SPDR ETF (each, a "Reference Asset" and together, the "Reference Assets"). We also refer to an exchange-traded fund as an "ETF", a Reference Asset that is a share of an ETF as an "Equity Reference Asset" and a Reference Asset that is an index as an "Index Reference Asset". The Notes will pay a Contingent Interest Payment on a Contingent Interest Payment Date (including the Maturity Date) at a per annum rate of at least approximately 10.55% (the "Contingent Interest Rate", to be determined on the Pricing Date) only if, on the related Contingent Interest Observation Date, the Closing Value of each Reference Asset is greater than or equal to its Contingent Interest Barrier Value, which is equal to 60.00% of its Initial Value. If, however, the Closing Value of any Reference Asset is less than its Contingent Interest Barrier Value on a Contingent Interest Observation Date, no Contingent Interest Payment will accrue or be payable on the related Contingent Interest Payment Date. The Notes will be automatically called if, on any Call Observation Date, the Closing Value of each Reference Asset is greater than or equal to its Call Threshold Value, which is equal to 100.00% of its Initial Value. If the Notes are automatically called, on the first following Contingent Interest Payment Date (the "Call Payment Date"), we will pay a cash payment per Note equal to the Principal Amount, plus any Contingent Interest Payment otherwise due. No further amounts will be owed under the Notes. If the Notes are not automatically called, the amount we pay at maturity, in addition to any Contingent Interest Payment otherwise due, if anything, will depend on the Closing Value of each Reference Asset on its Final Valuation Date (each, its "Final Value") relative to its Barrier Value, which is equal to 60.00% of its Initial Value, calculated as follows: If the Final Value of each Reference Asset is greater than or equal to its Barrier Value : the Principal Amount of $1,000 If the Final Value of any Reference Asset is less than its Barrier Value : the sum of (1) $1,000 plus (2) the product of (i) $1,000 times (ii) the Least Performing Percentage Change If the Notes are not automatically called and the Final Value of any Reference Asset is less than its Barrier Value, investors will suffer a percentage loss on their initial investment that is equal to the percentage decline of the Reference Asset with the lowest Percentage Change from its Initial Value to its Final Value (the "Least Performing Reference Asset"). Specifically, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value of the Least Performing Reference Asset is less than its Initial Value, and may lose the entire Principal Amount. Any payments on the Notes are subject to our credit risk. The Notes do not guarantee the payment of any Contingent Interest Payments or the return of the Principal Amount. Investors are exposed to the market risk of each Reference Asset on each Contingent Interest Observation Date (including the Final Valuation Date) and any decline in the value of one Reference Asset will not be offset or mitigated by a lesser decline or potential increase in the value of any other Reference Asset. If the Final Value of any Reference Asset is less than its Barrier Value, investors may lose up to their entire investment in the Notes. Any payments on the Notes are subject to our credit risk. The Notes are unsecured and are not savings accounts or insured deposits of a bank. The Notes are 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. The Notes will not be listed or displayed on any securities exchange or e