Company: TDBCP
Filing Date: 2025-05-30
Form Type: 424B2
Source: 0001140361-25-020961
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-30
Form: 424B2
Chunk 9
---
 is high among banking companies and failure to maintain or increase market share may result in lost market value. In addition, changes in governmental regulation and oversight of financial institutions such as banks and broker-dealers may have an adverse effect on the financial condition of a financial institution and changes in the creditworthiness of financial institutions may adversely affect the values of instruments of issuers in financial industries. As a result, the value of, and return on, the Notes may be subject to greater volatility and may be more adversely affected by a single economic, political or regulatory occurrence affecting the banking industry than a different investment linked to securities of a more broadly diversified group of companies The Reference Asset May Be Disproportionately Affected By the Performance of a Small Number of Reference Asset Constituents. The Reference Asset consists of a small number of Reference Asset Constituents and a relatively small number of Reference Asset Constituents comprise a majority of the Reference Asset. As a result, a decline in the prices of one or more of these companies, including as a result of events negatively affecting one or more of these companies, may have the effect of significantly lowering the level of the Reference Asset even if none of the other Reference Asset Constituents are affected by such events. Because of the weighting of the Reference Asset Constituents, the Payment at Maturity could be less than the amount you would have received if you had invested in a product linked to an index that capped the maximum weight of any one stock to a low amount or that equally weighted all constituents of such index. We Have No Affiliation with the Index Sponsor and Will Not Be Responsible for Any Actions Taken by the Index Sponsor. STOXX Limited (the “Index Sponsor”)is not an affiliate of ours and will not be involved in any offerings of the Notes in any way. Consequently, we have no control of any actions of the Index Sponsor, including any actions of the type that would require the Calculation Agent to adjust the Payment at Maturity. The Index Sponsor does not have any obligation of any sort with respect to the Notes. Thus, the Index Sponsor has no obligation to take your interests into consideration for any reason, including in taking any actions that might affect the value of, or any amount payable on, the Notes. None of our proceeds from any issuance of the Notes will be paid to the Index Sponsor, except to the extent that we are required to pay the Index Sponsor licensing fees with respect to the Reference Asset. Changes that Affect the Reference Asset May Adversely Affect the Market Value of