Company: TDBCP
Filing Date: 2025-10-21
Form Type: 424B2
Source: 0001140361-25-038797
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-21
Form: 424B2
Chunk 5
---
 Prior to the Maturity Date And Are Subject to Reinvestment Risk. If your Notes are automatically called, no further payments will be owed to you under the Notes after the applicable Call Payment Date. Therefore, because the Notes could be called as early as the first potential Call Payment Date, the holding period could be limited. There is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes at a comparable return for a similar level of risk in the event the Notes are automatically called prior to the Maturity Date. Furthermore, to the extent you are able to reinvest such proceeds in an investment with a comparable return for a similar level of risk, you may incur transaction costs such as dealer discounts and hedging costs built into the price of the new notes. The Amounts Payable on the Notes, Including the Payment at Maturity, Are Not Linked to the Price of the Least Performing Reference Asset at Any Time Other Than on the Applicable Review Dates, Including the Final Review Date. Any payments on the Notes, including the Payment at Maturity, will be based on the Closing Price of the Least Performing Reference Asset only on the Review Dates (including the Final Review Date). Even if the price of the Least Performing Reference Asset increases at any other time but then declines to a Closing Price that is less than its Barrier Price on a Review Date, you will not receive any Contingent Interest Payment with respect to such Review Dateon the corresponding Contingent Interest Payment Date. In addition, any Payment at Maturity will be calculated by reference to the Final Price of the Least Performing Reference Asset, which will be equal to the Closing Price of such Reference Asset on the Final Review Date. In calculating the Final Price of the Least Performing Reference Asset, positive performance of such Reference Asset before or after the Final Review Date that would lead to a positive return on the Notes will not be taken into account. Therefore, if the Closing Price of the Least Performing Reference Asset is less than its Barrier Price on the Final Review Date, the return on the Notes will be negative, regardless of its Closing Price on any other day. You Will Have No Rights to Receive Any Shares of Any Reference Asset and You Will Not Be Entitled to Any Dividends or Other Distributions on Any Reference Asset. The Notes are our debt securities. They are not equity instruments, shares of stock, or securities of any other issuer. Investing in the Notes will not make you a holder of shares of any Reference Asset. You will not have any voting rights,