Company: TDBCP
Filing Date: 2025-07-07
Form Type: 424B2
Source: 0001140361-25-025012
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-07
Form: 424B2
Chunk 8
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 Contingent Coupon Payment on a Contingent Coupon Payment Date if the Closing Price of the Reference Asset on the related Contingent Coupon Observation Date is less thanthe Contingent Coupon Barrier Price. If the Closing Price of the Reference Asset is less thanthe Contingent Coupon Barrier Price on each Contingent Coupon Observation Date over the term of the Notes, you will not receive any Contingent Coupon Payments and you will not receive a positive return on your Notes. Generally, this non-payment of any Contingent Coupon Payment will coincide with a greater risk of principal loss on your Notes at maturity. The Potential Positive Return on the Notes Is Limited to the Contingent Coupon Payments Paid on the Notes, If Any, Regardless of Any Appreciation in the Price of the Reference Asset. The potential positive return on the Notes is limited to any Contingent Coupon Payments paid, meaning any positive return on the Notes will be composed solely of the sum of any Contingent Coupon Payments paid over the term of the Notes. Therefore, if the appreciation of the Reference Asset exceeds the sum of any Contingent Coupon Payments actually paid on the Notes, the return on the Notes will be less thanthe return on a direct investment in the Reference Asset or in a security directly linked to the positive performance of the Reference Asset. Your Return May Be Less than the Return on a Conventional Debt Security of Comparable Maturity. The return that you will receive on your Notes, which could be negative, may be less than the return you could earn on other investments. The Notes do not provide for fixed coupon payments and you may not receive any Contingent Coupon Payments over the term of the Notes. Even if you do receive one or more Contingent Coupon Payments and your return on the Notes is positive, your return may be less than the return you would earn if you bought a conventional, interest-bearing senior debt security of TD of comparable maturity. Your investment may not reflect the full opportunity cost to you when you take into account factors that affect the time value of money. The Notes May Be Automatically Called 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 Call Observation 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