Company: TDBCP
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001140361-25-006726
Chunk: 32

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-03
Form: 424B3
Chunk 32
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 our credit risk as issuer of LIRNs, you will receive the Redemption Amount, denominated in U.S. dollars. Unless otherwise specified in the applicable term sheet, the “ Redemption Amount” will be calculated as follows:

| • | If the Ending Value is greater than the Starting Value, then the Redemption Amount will equal: |

If your LIRNs are Capped LIRNs, the Redemption Amount will not exceed the “ Capped Value” set forth in the applicable term sheet. PS-24

| • | If the Ending Value is equal to or less than the Starting Value, but is greater than or equal to the Threshold Value, then the Redemption Amount will equal the principal amount. |

| • | If the Ending Value is less than the Threshold Value, then the Redemption Amount will equal: |

The Redemption Amount will not be less than zero. The “ Threshold Value” will be a value of the Market Measure that equals a specified percentage of the Starting Value, which will be less than or equal to 100%. The Threshold Value will be determined on the pricing date and set forth in the applicable term sheet. If the Threshold Value is equal to 100% of the Starting Value, then the Redemption Amount for LIRNs will be less than the principal amount if there is any decrease in the value of the Market Measure from the Starting Value to the Ending Value, and you may lose all of your investment in LIRNs. Your participation in any upside performance of the Market Measure underlying your LIRNs will also be impacted by the Participation Rate. The “ Participation Rate” may be greater than or equal to 100%. The Participation Rate applicable to your LIRNs will be set forth in the applicable term sheet. If the applicable term sheet specifies that the Participation Rate is 100%, your participation in any upside performance of the Market Measure will not be leveraged. Each applicable term sheet will provide examples of Redemption Amounts based on certain hypothetical Observation Levels, if applicable and a range of hypothetical Ending Values. The applicable term sheet will set forth information as to the applicable Market Measure, including information as to the historical values of the Market Measure. However, historical values of the Market Measure are not indicative of its future performance or the performance of your LIRNs. An investment in LIRNs does not entitle you to any ownership interest in or any other rights with respect to the Market Measure or any of its Underlying Constituents, including any voting rights, dividends paid, or other distributions made or any other rights with respect