Form FWP TORONTO DOMINION BANK Filed by: TORONTO DOMINION BANK

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/1/2026

1. SPY
2. MDT
3. SPGI
4. USO
5. AAPL
6. DELL
7. ENOV
8. AON
9. NIO
10. PANW

September 1, 2026 3:52 PM EDT
ISSUER FREE WRITING PROSPECTUS
Filed Pursuant to Rule 433
Registration Statement No. 333-283969
Dated September 1, 2026
Dual Directional Buffered Participation Securities Based on the Value of the Nasdaq-100 Index® due September 8, 2028
Principal at Risk Securities
This document provides a summary of the terms of the Dual Directional Buffered Participation Securities or “Buffered Securities”. Investors should carefully review the accompanying preliminary pricing supplement for the Buffered 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 Buffered Securities do not guarantee the full return of principal at maturity and you could lose some and up to 85.00% of your investment. The Buffered Securities are senior debt securities issued by The Toronto-Dominion Bank (“TD”), and all payments on the Buffered 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 index:
Nasdaq-100 Index® (Bloomberg Ticker: “NDX”)
  
 
Stated principal amount:
$1,000.00 per Buffered Security
  
 
Issue price:
$1,000.00 per Buffered Security
  
 
Minimum investment:
$1,000.00 (1 Buffered Security)
  
 
Coupon:
None
  
 
Pricing date:
September 4, 2026
  
 
Original issue date:
September 10, 2026 (3 business days after the pricing date; see preliminary pricing supplement).
  
 
Valuation date:
September 5, 2028, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
  
 
Maturity date:
September 8, 2028, subject to postponement for certain market disruption events and as described in the accompanying product supplement.
  
 
Payment at maturity per
Buffered Security:
■        If the final index value is greater than the initial index value:
$1,000.00 + upside payment
In no event will the payment at maturity exceed the maximum upside payment at maturity.
■        If the final index value is less than or equal to the initial index value, but not by more than the buffer amount:
$1,000.00 + ($1,000.00 × absolute underlying return)
In this scenario, you will receive a 1% positive return on the Buffered Securities for each 1% negative return on the underlying index. In no event will this amount exceed the stated principal amount plus $150.00.
■        If the final index value is less than the initial index value by more than the buffer amount:
$1,000.00 + [$1,000.00 × (underlying return + buffer amount)]
If the final index value is less than the initial index value by more than the buffer amount, you will lose 1% for every 1% that the final index value falls below the initial index value in excess of the buffer amount and could lose up to 85.00% of your investment in the Buffered Securities.
  
 
Underlying return:
(final index value – initial index value) / initial index value
  
 
Absolute underlying return:
The absolute value of the underlying return. For example, a -5% underlying return will result in a +5% absolute underlying return.
  
 
Buffer amount:
15.00%
  
 
Maximum upside gain:
25.88%
  
 
Maximum upside payment at
maturity:
$1,258.80 per Buffered Security (125.88% of the stated principal amount)
  
 
Upside payment:
$1,000.00 × underlying return
  
 
Initial index value:
The index closing value of the underlying index on the pricing date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
  
 
Final index value:
The index closing value of the underlying index on the valuation date, as may be adjusted in the case of certain adjustment events as described in the accompanying product supplement
  
 
CUSIP/ISIN:
89115NEM2 / US89115NEM20
  
 
Listing:
The Buffered Securities will not be listed or displayed on any securities exchange or any electronic communications network.
  
 
Commission:
$25.00 per stated principal amount.
  
 
Estimated value on the pricing date:
Expected to be between $940.00 and $975.00 per Buffered Security. See “Risk Factors” in the preliminary pricing supplement.
  
 
Preliminary pricing supplement
  
HYPOTHETICAL PAYOUT
The below are based on a buffer amount of 15.00% and maximum upside gain of 25.88% and are purely hypothetical (the actual terms of your Buffered Securities will be determined on the pricing date and will be specified in the final pricing supplement).
Hypothetical Payment at Maturity
Underlying Return
Payment at Maturity
+40.00%
$1,258.80
+30.00%
$1,258.80
+25.88%
$1,258.80
+24.00%
$1,240.00
+16.00%
$1,160.00
+8.00%
$1,080.00
0.00%
$1,000.00
-5.00%
$1,050.00
-10.00%
$1,100.00
-15.00%
$1,150.00
-20.00%
$950.00
-30.00%
$850.00
-40.00%
$750.00
-50.00%
$650.00
-75.00%
$400.00
-100.00%
$150.00
 
A-1
You will find a link to the accompanying preliminary pricing supplement for the Buffered Securities above and links to the accompanying product supplement, underlier supplement and prospectus for the Buffered Securities under “Additional Information About TD and the Buffered Securities” in the preliminary pricing supplement, which you should read and understand prior to investing in the Buffered Securities.
The issuer has filed a registration statement (including a prospectus as supplemented by an underlier supplement, product supplement and the preliminary pricing supplement) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the accompanying prospectus in that registration statement and the other documents the issuer has filed with the SEC, including the accompanying preliminary pricing supplement, product supplement and underlier supplement, for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free at 1-855-303-3234. Our Central Index Key, or CIK, on the SEC website is 0000947263.
Risk Considerations
The risks set forth below are discussed in more detail in the “Risk Factors” section in the preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.
Risks Relating to Return Characteristics
■
You may lose up to 85.00% of your investment in the Buffered Securities.
■
The stated payout from the issuer applies only at maturity.
■
The potential positive return on the Buffered Securities from any negative performance of the underlying index is limited by the buffer amount and the return on the Buffered Securities may change significantly despite only a small difference in the degree of change of the final index value relative to the initial index value.
■
Your potential return on the Buffered Securities is limited to the maximum upside gain.
■
You will not receive any interest payments.
■
The amount payable on the Buffered Securities is not linked to the value of the underlying index at any time other than the valuation date.
■
Owning the Buffered Securities is not the same as owning the index constituent stocks.
■
The absolute return feature is not the same as taking a short position directly in the underlying index or any index constituent stocks.
Risks Relating to Characteristics of the Underlying Index
■
An investment in the Buffered Securities involves market risk associated with the underlying index.
■
There can be no assurance that the investment view implicit in the Buffered Securities will be successful.
■
The underlying index reflects price return, not total return.
■
Changes affecting the underlying index could have an adverse effect on the market value of, and any amount payable on, the Buffered Securities.
■
There is no affiliation between the index sponsor and TD, and TD is not responsible for any disclosure by such index sponsor.
Risks Relating to Estimated Value and Liquidity
■
The estimated value of your Buffered Securities is expected to be less than the public offering price of your Buffered Securities.
■
The estimated value of your Buffered Securities is based on our internal funding rate.
■
The estimated value of the Buffered Securities is based on our internal pricing models, which may prove to be inaccurate and may be different from the pricing models of other financial institutions.
■
The estimated value of your Buffered Securities is not a prediction of the prices at which you may sell your Buffered Securities in the secondary market, if any, and such secondary market prices, if any, will likely be less than the public offering price of your Buffered Securities and may be less than the estimated value of your Buffered Securities.
■
The temporary price at which the agent may initially buy the Buffered Securities in the secondary market may not be indicative of future prices of your Buffered Securities.
■
The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.
■
There may not be an active trading market for the Buffered Securities — sales in the secondary market may result in significant losses.
■
If the value of the underlying index changes, the market value of your Buffered Securities may not change in the same manner.
Risks Relating to General Credit Characteristics
■
Investors are subject to TD’s credit risk, and TD’s credit ratings and credit spreads may adversely affect the market value of the Buffered Securities.
Risks Relating to Hedging Activities and Conflicts of Interest
■
There are potential conflicts of interest between you and the calculation agent.
■
The valuation date, and therefore the maturity date, are subject to market disruption events and postponements.
■
Trading and business activities by TD or its affiliates may adversely affect the market value of, and return on, the Buffered Securities.
Risks Relating to Canadian and U.S. Federal Income Taxation
■
Significant aspects of the tax treatment of the Buffered Securities are uncertain.
Underlying Index
For information about the underlying index, including historical performance information, see “Information About the Underlying Index” in the preliminary pricing supplement.


A-2

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings