<SEC-DOCUMENT>0001140361-25-043285.txt : 20251125
<SEC-HEADER>0001140361-25-043285.hdr.sgml : 20251125
<ACCEPTANCE-DATETIME>20251125125320
ACCESSION NUMBER:		0001140361-25-043285
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20251125
DATE AS OF CHANGE:		20251125

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORONTO DOMINION BANK
		CENTRAL INDEX KEY:			0000947263
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				135640479
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-283969
		FILM NUMBER:		251517033

	BUSINESS ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
		BUSINESS PHONE:		416-944-6367

	MAIL ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TORONTO DOMINION BANK
		CENTRAL INDEX KEY:			0000947263
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				135640479
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
		BUSINESS PHONE:		416-944-6367

	MAIL ADDRESS:	
		STREET 1:		66 WELLINGTON STREET WEST
		STREET 2:		12TH FLOOR, TD TOWER
		CITY:			TORONTO, ONTARIO
		STATE:			A6
		ZIP:			M5K 1A2
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>ef20059993_fwp.htm
<DESCRIPTION>ISSUER FREE WRITING PROSPECTUS
<TEXT>
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              <div><img width="57" height="48" src="image00002.jpg"></div>
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              <div style="text-align: right; font-size: 8pt;">ISSUER FREE WRITING PROSPECTUS</div>
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              <div style="text-align: right; font-size: 8pt;">Filed Pursuant to Rule 433</div>
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            <td style="width: 73.13%; vertical-align: top;">
              <div style="text-align: right; font-size: 8pt;">Registration Statement No. 333-283969</div>
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            <td style="width: 73.13%; vertical-align: top;">
              <div style="text-align: right; font-size: 8pt;">Dated November 25, 2025</div>
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      <div style="text-align: justify; color: rgb(41, 109, 193); font-size: 12pt;">PLUS Based on the Value of the Russell 2000<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index due April 5, 2027</div>
      <div style="text-align: justify; color: rgb(128, 128, 128); font-size: 8pt; font-weight: bold;">Performance Leveraged Upside Securities<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">SM</sup></div>
      <div style="text-align: justify; color: rgb(126, 126, 126); font-size: 7.5pt; font-weight: bold;">Principal at Risk Securities</div>
      <div style="text-align: justify; margin-top: 3pt; color: rgb(255, 0, 0); font-size: 8pt; font-style: italic; font-weight: bold;">This document provides a summary of the terms of the Performance Leveraged Upside Securities<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">SM</sup> (the &#8220;PLUS&#8221;).
        Investors should carefully review the accompanying preliminary pricing supplement for the PLUS, the accompanying product supplement, the underlier supplement and the prospectus, as well as the &#8220;Risk Considerations&#8221; section below, before making an
        investment decision.</div>
      <div style="text-align: justify; margin-top: 3pt; font-size: 8pt; font-weight: bold;">The PLUS do not guarantee any return of principal at maturity and you could lose up to your entire investment. The PLUS are senior debt securities issued by The
        Toronto-Dominion Bank (&#8220;TD&#8221;), and all payments on the PLUS are subject to the credit risk of TD. As used in this document, &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221; refers to The Toronto-Dominion Bank and its subsidiaries.</div>
      <div style="float: left; width: 58%;" class="BRPFTCL">
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          <table cellspacing="0" cellpadding="0" border="0" id="zf7d095931fff4d65a6031cb3180d0dde" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

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                <td style="vertical-align: top; background-color: rgb(41, 109, 193); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);" rowspan="1" colspan="2">
                  <div style="text-align: justify; margin-right: 1.45pt; margin-top: 1pt; margin-bottom: 1pt; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">SUMMARY TERMS</div>
                </td>
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                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Issuer:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">The Toronto-Dominion Bank</div>
                </td>
              </tr>
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                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Issue:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">Senior Debt Securities, Series H</div>
                </td>
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              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 235, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Underlying index:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">Russell 2000<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174;</sup> Index (Bloomberg Ticker: &#8220;RTY&#8221;)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Stated principal amount:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$1,000.00 per PLUS</div>
                </td>
              </tr>
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                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 235, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Issue price:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$1,000.00 per PLUS</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Minimum investment:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$1,000.00 (1 PLUS)</div>
                </td>
              </tr>
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                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 235, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Coupon:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">None</div>
                </td>
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                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Pricing date:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">December 16, 2025</div>
                </td>
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                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 235, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Original issue date:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">December 19, 2025 (3 business days after the pricing date; see preliminary pricing supplement).</div>
                </td>
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                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Valuation date:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">March 31, 2027, subject to postponement for certain market disruption events and as described in the accompanying product supplement.</div>
                </td>
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                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 235, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Maturity date:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 235, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">April 5, 2027, subject to postponement for certain market disruption events and as described in the accompanying product supplement.</div>
                </td>
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                <td style="width: 30%; vertical-align: top; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 1pt 0px 0px; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Payment at maturity per</div>
                  <div style="margin: 0px 0px 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;"> PLUS:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 2pt; margin-bottom: 1pt;"><font style="color: #4F81BD; font-size: 5pt;">&#9632;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.88pt;"><font style="font-size: 5pt;">&#160;</font>&#160; &#160; &#160;&#160; </font><font style="font-size: 7pt;">If the final index value is <font style="font-weight: bold;">greater than</font> the initial index value:</font></div>
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 1pt; font-size: 7pt; font-style: italic;">$1,000.00 + leveraged upside payment</div>
                  <div style="margin-top: 2pt; margin-bottom: 1pt; font-size: 7pt; font-style: italic; font-weight: bold; margin-left: 18pt;">In no event will the payment at maturity exceed the maximum payment at maturity.</div>
                  <div style="margin-top: 2pt; margin-bottom: 1pt;"><font style="color: #4F81BD; font-size: 5pt;">&#9632;</font><font class="TRGRRTFtoHTMLTab" style="font-size: 5.09pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-size: 7pt;">If the final index value
                      is <font style="font-weight: bold;">less than or equal to</font> the initial index value:</font></div>
                  <div style="text-align: center; margin-top: 2pt; margin-bottom: 1pt; font-size: 7pt; font-style: italic;">$1,000.00 + ($1,000.00 &#215; underlying return)</div>
                  <div style="margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-style: italic; font-weight: bold; margin-left: 18pt;">If the final index value is less than the initial index value, you will lose 1% for every 1% that the final index
                    value falls below the initial index value and you could lose up to your entire investment in the PLUS.</div>
                </td>
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                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Underlying return:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">(final index value &#8211; initial index value) / initial index value</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Leverage factor:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">300%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Leveraged upside payment:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$1,000.00 &#215; leverage factor &#215; underlying return</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Maximum gain:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">20.76%</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 1pt 0px 0px; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Maximum payment at</div>
                  <div style="margin: 0px 0px 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;"> maturity:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$1,207.60 per PLUS (120.76% of the stated principal amount)</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Initial index value:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">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</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Final index value:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">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</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">CUSIP/ISIN:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">89115L7G7 / US89115L7G78</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(0, 112, 192); font-size: 7.5pt; font-weight: bold;">Listing:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">The PLUS will not be listed or displayed on any securities exchange or any electronic communications network.</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin-top: 1pt; margin-bottom: 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Commission:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">$22.50 per stated principal amount.</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 1pt 0px 0px; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Estimated value on the</div>
                  <div style="margin: 0px 0px 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;"> pricing date:</div>
                </td>
                <td style="width: 70%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt; font-size: 7.5pt;">Expected to be between $940.00 and $975.00 per PLUS. See &#8220;Risk Factors&#8221; in the preliminary pricing supplement.</div>
                </td>
              </tr>
              <tr>
                <td style="width: 30%; vertical-align: middle; background-color: rgb(220, 234, 244); border-left: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="margin: 1pt 0px 0px; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;">Preliminary pricing</div>
                  <div style="margin: 0px 0px 1pt; color: rgb(41, 109, 193); font-size: 7.5pt; font-weight: bold;"> supplement</div>
                </td>
                <td style="width: 70%; vertical-align: middle; background-color: rgb(220, 234, 244); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: justify; margin-top: 1pt; margin-bottom: 1pt;"><a href="https://www.sec.gov/Archives/edgar/data/947263/000114036125043271/ef20059996_424b2.htm"><font style="font-size: 7.5pt;">http://www.sec.gov/Archives/edgar/data/947263/000114036125043271/ef20059996_424b2.htm
                      </font></a><br>
                  </div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="float: right; width: 40%;" class="BRPFTCR">
        <div>
          <table cellspacing="0" cellpadding="0" border="0" id="z0b6ddcedcc2649148cab3aea76069511" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

              <tr>
                <td style="width: 100%; vertical-align: top; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0);">
                  <div style="background-color: #296DC1;">
                    <div style="text-align: justify; margin-right: 1.45pt; color: rgb(255, 255, 255); font-size: 8pt; font-weight: bold;">HYPOTHETICAL PAYOUT</div>
                  </div>
                </td>
              </tr>

          </table>
          <div>
            <div style="text-align: justify; margin-top: 1pt; font-size: 7.5pt;">The below figures are based on the leverage factor of 300% and maximum gain of 20.76% and are purely hypothetical (the actual terms of your PLUS will be determined on the
              pricing date and will be specified in the final pricing supplement).</div>
            <div style="text-align: center; margin-top: 1pt; font-size: 7.5pt;"> <img src="image00001.jpg"></div>
            <div style="text-align: justify; margin-top: 1pt; font-size: 7.5pt;">
              <div style="text-align: center; color: rgb(41, 109, 193); font-size: 8pt; font-weight: bold;">Hypothetical Payment at Maturity</div>
              <div style="text-align: center; color: rgb(41, 109, 193); font-size: 8pt; font-weight: bold;"> <br>
              </div>
            </div>
            <div style="text-align: justify; margin-top: 1pt; font-size: 7.5pt;">
              <table cellspacing="0" cellpadding="0" border="0" id="z1fa80469ca8e448a8a21617e8834d727" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

                  <tr>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; font-size: 7.5pt; font-weight: bold;">Change in Underlying Index</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; font-size: 7.5pt; font-weight: bold;">Payment at Maturity</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+40.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,207.60</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+30.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,207.60</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+20.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,207.60</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+10.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,207.60</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+6.920%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,207.60</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+6.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,180.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+4.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,120.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">+2.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,060.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">0.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; background-color: #DCEBF4; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$1,000.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-5.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$950.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-10.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$900.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-15.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$850.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-20.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$800.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-50.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$500.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-75.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$250.00</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 50%; vertical-align: middle; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">-100.000%</div>
                    </td>
                    <td style="width: 50%; vertical-align: top; border-left: #000000 1px solid; border-right: #000000 1px solid; border-top: #000000 1px solid; border-bottom: #000000 1px solid;">
                      <div style="text-align: center; margin-top: 1pt; margin-bottom: 1pt; font-size: 7pt; font-weight: normal;">$0.00</div>
                    </td>
                  </tr>

              </table>
            </div>
          </div>
        </div>
      </div>
      <div style="clear: both;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;" id="z30303bb9db154bbabfe98908fcafd1ff">

            <tr>
              <td style="width: 100.00%;"><br>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">A-1</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: justify; font-size: 7.5pt;">You will find a link to the accompanying preliminary pricing supplement for the PLUS above and links to the accompanying product supplement, underlier supplement and prospectus for the PLUS under
        &#8220;Additional Information About TD and the PLUS&#8221; in the preliminary pricing supplement, which you should read and understand prior to investing in the PLUS.</div>
      <div style="text-align: justify; margin-top: 3pt; font-size: 7.5pt;">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 &#8220;SEC&#8221;) 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.</div>
      <div style="text-align: justify; margin-top: 6pt; color: rgb(41, 109, 193); font-size: 11pt; font-weight: bold;">Risk Considerations</div>
      <div style="text-align: justify; margin-top: 2pt; font-size: 7.5pt;">The risks set forth below are discussed in more detail in the &#8220;Risk Factors&#8221; section in the preliminary pricing supplement. Please review those risk factors carefully prior to
        making an investment decision.</div>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to Return Characteristics</div>
      <table cellspacing="0" cellpadding="0" id="z5035a4026b9d4dc9adfc716d53a54478" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The PLUS do not provide any protection against loss; you may lose up to your entire investment.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="zf6b57a9ef3ad4728af943ced32b39560" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The stated payout from the issuer applies only at maturity.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z801cbfc79adc464abbeeb84fa5d30510" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Your potential return on the PLUS is limited to the maximum gain.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z4b4a8da821bf47198c32a5ef3a6dd4bd" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">You will not receive any interest payments.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z97cc460eb32a43ce802b085c8a1e5868" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The amount payable on the PLUS is not linked to the value of the underlying index at any time other than the valuation date.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="zd55f314ec7dc456b8113d86f23943755" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Owning the PLUS is not the same as owning the index constituent stocks.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to Characteristics of the Underlying Index</div>
      <table cellspacing="0" cellpadding="0" id="zc8eec8d497314b1baa456670128c74c8" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">An investment in the PLUS involves market risk associated with the underlying index.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z73862695b6dc46fb89dcbd047a28e37c" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">There can be no assurance that the investment view implicit in the PLUS will be successful.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="zd9149ac0d32c4d039d5575a30abc5519" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The underlying index reflects price return, not total return.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="zde2ac7027646422f9ace5b238740f4ce" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The PLUS is subject to small-capitalization stock risks.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z78d2ea9c54334d88801e4618a4277ad4" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Changes affecting the underlying index could have an adverse effect on the market value of, and any amount payable on, the PLUS.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z8de454bbd56147bc9227836dc2cdee06" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">There is no affiliation between the index sponsor and TD, and TD is not responsible for any disclosure by such index sponsor.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to Estimated Value and Liquidity</div>
      <table cellspacing="0" cellpadding="0" id="z4024c7c4767d4c9d9ca2daba0851acb0" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
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              <div style="font-size: 7.5pt;">The estimated value of your PLUS is expected to be less than the public offering price of your PLUS.</div>
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          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The estimated value of your PLUS is based on our internal funding rate.</div>
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          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The estimated value of the PLUS 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.</div>
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          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The estimated value of your PLUS is not a prediction of the prices at which you may sell your PLUS in the secondary market, if any, and such secondary market prices, if any, will likely be less than the public
                offering price of your PLUS and may be less than the estimated value of your PLUS.</div>
            </td>
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      </table>
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          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The temporary price at which the agent may initially buy the PLUS in the secondary market may not be indicative of future prices of your PLUS.</div>
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      </table>
      <table cellspacing="0" cellpadding="0" id="z5c96080bea304b32830ae93c49edda73" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The underwriting discount, offering expenses and certain hedging costs are likely to adversely affect secondary market prices.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z0991906a2c5b4a94bf278cf4040bcb42" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">There may not be an active trading market for the PLUS &#8212; sales in the secondary market may result in significant losses.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z20602ba1c6f64e23b31b5373cdcc841b" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">If the value of the underlying index changes, the market value of your PLUS may not change in the same manner.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to General Credit Characteristics</div>
      <table cellspacing="0" cellpadding="0" id="z05a3b3204bf64fd29a769cf276e9e40e" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Investors are subject to TD&#8217;s credit risk, and TD&#8217;s credit ratings and credit spreads may adversely affect the market value of the PLUS.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to Hedging Activities and Conflicts of Interest</div>
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          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">There are potential conflicts of interest between you and the calculation agent.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="zd32491304ceb4910901b60796d605c06" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">The valuation date, and therefore the maturity date, are subject to market disruption events and postponements.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" id="z4e59992c509c493e80be4bfa3655999b" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Trading and business activities by TD or its affiliates may adversely affect the market value of, and return on, the PLUS.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 4pt; font-size: 7.5pt; font-style: italic; font-weight: bold;">Risks Relating to Canadian and U.S. Federal Income Taxation</div>
      <table cellspacing="0" cellpadding="0" id="z1e092b1a5b4f414ba1352673daaae803" class="DSPFListTable" style="font-family: Arial; font-size: 9pt; width: 100%; text-align: left; color: #000000; margin-top: 2pt;">

          <tr>
            <td style="width: 9pt; vertical-align: top; color: rgb(41, 109, 193); font-size: 10pt;">&#9642;</td>
            <td style="vertical-align: top; text-align: justify;">
              <div style="font-size: 7.5pt;">Significant aspects of the tax treatment of the PLUS are uncertain.</div>
            </td>
          </tr>

      </table>
      <div style="text-align: justify; margin-top: 6pt; color: rgb(41, 109, 193); font-size: 11pt; font-weight: bold;">Underlying Index</div>
      <div style="text-align: justify; margin-top: 3pt; font-size: 7.5pt;">For information about the underlying index, including historical performance information, see &#8220;Information About the Underlying Index&#8221; in the preliminary pricing supplement.</div>
      <div style="font-size: 7.5pt; text-align: justify;"> <br>
      </div>
      <div style="text-align: justify; margin-top: 3pt; font-size: 7.5pt;"> <br>
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      <div style="text-align: center;"> <font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">A-2</font><br>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
