Company: TDBCP
Filing Date: 2025-03-17
Form Type: 424B2
Source: 0001140361-25-009061
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-17
Form: 424B2
Chunk 10
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 any amount payable on the Maturity Date, in a manner it considers appropriate. We describe the discretion that the Calculation Agent will have in determining the Closing Price on the Valuation Date and the amount payable on your Notes more fully under “General Terms of the Notes—Anti-Dilution Adjustments” in the product supplement. The Reference Asset Utilizes A Passive Indexing Investment Approach. The Reference Asset is not managed according to traditional methods of “active” investment management, which involve the buying and selling of securities based on economic, financial and market analysis and investment judgment. Instead, the Reference Asset, utilizing a “passive” or indexing investment approach, attempts to approximate the investment performance of its Target Index by investing in a portfolio of stocks that generally replicate such index. Therefore, unless a specific stock is removed from its Target Index, the Reference Asset generally will not sell a stock because the stock’s issuer was in financial trouble. In addition, the Reference Asset is subject to the risk that the investment strategy of its Investment Adviser may not produce the intended results. The Reference Asset and its Target Index Are Different and the Performance of the Reference Asset May Not Correlate With the Performance of its Target Index. The performance of the Reference Asset may not exactly replicate the performance of its Target Index because the Reference Asset will reflect transaction costs and fees that are not included in the calculation of its Target Index. It is also possible that the Reference Asset may not fully replicate or may in certain circumstances diverge significantly from the performance of its Target Index due to the temporary unavailability of certain securities in the secondary market, the performance of any derivative instruments contained in the Reference Asset, differences in trading hours between the Reference Asset and its Target Index or due to other circumstances. P-8 The Notes Are Subject To Risks Associated With The Metals And Mining Industry. The Notes are subject to risks associated with the metals and mining industry because the Reference Asset seeks to track the performance of the Target Index, which is comprised of the stocks of companies representing the metals and mining industry. The performance of companies in the metals and mining industry will be influenced by factors such as geopolitical events, supply and demand for products produced by such companies, governmental actions, regulatory developments, environmental conditions, commodity prices and exchanges rates that interrelate in complex and unpredictable ways. Adverse developments in the mining and metals industry may have an adverse effect on the value of the Reference Asset and, accordingly, on the market value of, and return on, the Notes. The Reference Asset will be more affected by the