Company: TDBCP
Filing Date: 2025-10-09
Form Type: 424B3
Source: 0001140361-25-037791
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-09
Form: 424B3
Chunk 5
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 any return on LIRNs will not reflect the return you would realize if you actually owned shares of any Underlying Stock. If your LIRNs are subject to an automatic call and are automatically called prior to maturity, your investment return will be limited to the return represented by the applicable Call Premium.If LIRNs are subject to an automatic call and the Observation Level of the Market Measure on an Observation Date is greater than or equal to the specified Call Level, we will automatically call the LIRNs. If LIRNs are automatically called, your return will be limited to the applicable Call Premium, regardless of the extent of the increase in the value of the Market Measure. Reinvestment Risk.If LIRNs are subject to an automatic call and are automatically called prior to maturity, the term of LIRNs will be shorter than their stated term to maturity. There is no guarantee that you would be able to reinvest the proceeds from an investment in PS-7 LIRNs at a comparable return for a similar level of risk in the event LIRNs are automatically called prior to maturity. Payment on LIRNs will not reflect changes in the price of the Market Measure that occur other than on the calculation day or on the applicable Observation Dates, if applicable.Changes in the price of the Market Measure during the term of LIRNs other than on the calculation day, or on the applicable Observation Dates, if applicable, will not be reflected in the calculation of the Redemption Amount or the determination of whether LIRNs will be automatically called, if applicable. To calculate the Redemption Amount, the calculation agent will compare only the Ending Value to the Starting Value or the Threshold Value, as applicable. If LIRNs are subject to an automatic call as specified in the applicable term sheet, to determine whether LIRNs will be automatically called the calculation agent will only refer to the price of the Market Measure on the applicable Observation Date. No other price of the Market Measure will be taken into account. As a result, even if the price of the Market Measure has increased at certain other times during the term of LIRNs, your LIRNs will not be called if the Observation Level on each Observation Date is less than the Call Level, if applicable, and you will receive a Redemption Amount that is less than the principal amount if the Ending Value is less than the Threshold Value. If your LIRNs are linked to a Basket, changes in the price of one or more of the Basket Stocks may be offset by changes in the price of one or more of