New Issue: TD prices $6.91 million capped notes linked to Dow

By Kiku Steinfeld

Chicago, April 19 – Toronto-Dominion Bank priced $6.91 million of 0% capped notes due March 27, 2026 to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum payout of par plus 40%. Investors will receive par if the index falls by up to 15% and will be exposed to any index decline beyond 15%.

BofA Securities, Inc. is the agent.

Issuer:	Toronto-Dominion Bank
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$6,909,570
Maturity:	March 27, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus any index gain, capped at par plus 40%; par if index falls by up to 15%; exposure to losses beyond 15%
Initial level:	32,619.48
Threshold level:	27,726.56, 85% of initial level
Final level:	Average of index’s closing levels on five trading days ending March 24, 2026
Pricing date:	March 25
Settlement date:	April 1
Agent:	BofA Securities, Inc.
Fees:	2.5%
Cusip:	891160194

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