This
summary of preliminary terms is not complete. Investors should read the preliminary pricing supplement, which can be accessed via the link below, and the other documents referred to therein, as well as the “Selected Risk Considerations”
section below before making an investment decision. The actual terms of the Notes will be determined on the Pricing Date.
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Issuer:
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The Toronto-Dominion Bank (“TD”)
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Reference Assets:
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The Common Stock of Overstock.com, Inc. (Bloomberg Ticker: OSTK UW “OSTK”) and the Common Stock of Tesla, Inc. (Bloomberg Ticker: TSLA UW “TSLA”)
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Term:
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Approximately 2 years, subject to an automatic call
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Principal Amount:
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$1,000 per Note
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Pricing Date:
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Expected to be July 16, 2021
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Issue Date:
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Expected to be July 21, 2021, which is three Business Days following the Pricing Date
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Final Valuation Date:
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Expected to be July 17, 2023*
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Maturity date:
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Expected to be July 20, 2023*
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Contingent coupon:
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At least 19.50% per annum (to be determined on the Pricing Date).
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Contingent Interest
Observation Dates:
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Monthly, on the 16th calendar day of each month, commencing on August 16, 2021 and ending on the Final Valuation Date*
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Contingent Interest
Payment Dates:
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With respect to each Contingent Interest Observation Date, the third Business Day following the relevant Contingent Interest Observation Date, with
the exception of the final Contingent Interest Payment Date, which will be the Maturity Date*
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Call Observation Dates:
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Monthly, on the 16th calendar day of each month, commencing on October 16, 2021 and ending on June 16, 2023*
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Call Payment Date:
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If the Notes are subject to an automatic call, the Call Payment Date will be the Contingent Interest Payment Date immediately following the
relevant Call Observation Date*
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Initial Value:
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With respect to OSTK, $[●] (to be determined on the Pricing Date).
With respect to TSLA, $[●] (to be determined on the Pricing Date).
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Call Threshold Value:
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With respect to OSTK, $[●] (80.00% of its Initial Value, to be determined on the Pricing Date).
With respect to TSLA, $[●] (80.00% of its Initial Value, to be determined on the Pricing Date).
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Contingent Interest Barrier
Value:
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With respect to OSTK, $[●] (60.00% of its Initial Value, to be determined on the Pricing Date).
With respect to TSLA, $[●] (60.00% of its Initial Value, to be determined on the Pricing Date).
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Barrier Value:
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With respect to OSTK, $[●] (50.00% of its Initial Value, to be determined on the Pricing Date).
With respect to TSLA, $[●] (50.00% of its Initial Value, to be determined on the Pricing Date).
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Final Value:
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For each Reference Asset, the Closing Value of such Reference Asset on its Final Valuation Date
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Percentage Change:
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For each Reference Asset, the quotient, expressed as a percentage, of the following formula:
Final Value – Initial Value
Initial Value
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Least Performing
Reference Asset:
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The Reference Asset with the lowest Percentage Change as compared to the Percentage Change of any other Reference Asset.
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Least Performing
Percentage Change:
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The Percentage Change of the Least Performing Reference Asset.
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Underwriting Discount:
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Up to $32.50 (3.25%) per Note**
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CUSIP / ISIN:
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89114TN81 / US89114TN816
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Pricing Supplement:
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* Subject to postponement for market disruption events and non-trading days, as applicable, as described in the accompanying preliminary pricing
supplement.
** See “Supplemental Plan of Distribution (Conflicts of Interest)” in the accompanying preliminary pricing supplement.
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