The Toronto-Dominion Bank is offering Callable Fixed Interest Barrier Notes linked to the least performing of Alphabet Inc., NVIDIA Corporation, and Tesla, Inc. The Notes pay a fixed interest rate of 18.60% per annum. The Notes may be called by the issuer before maturity, in which case investors will receive principal plus interest up to the call date. If the Notes are not called before maturity, the final payment will depend on the performance of the reference assets relative to their barrier values, which are 65% of their initial values. Investors face risks including potential loss of principal if the reference assets underperform, reinvestment risk if the notes are called early, and limited liquidity in the secondary market. The estimated value of the Notes is expected to be between $920.00 and $955.00 per Note, which is lower than the public offering price. U.S. federal income tax treatment of the Notes is uncertain, and investors are advised to consult with a tax advisor.
