Company: TDBCP
Filing Date: 2025-07-31
Form Type: 424B2
Source: 0001140361-25-028151
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-31
Form: 424B2
Chunk 5
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 into the price of the new notes. The Amounts Payable on the Notes, Including the Payment at Maturity, Are Not Linked to the Level 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 Level of the Least Performing Reference Asset only on the Review Dates (including the Final Review Date). Even if the level of the Least Performing Reference Asset increases at any other time but then declines to a Closing Level that is less than its Barrier Level 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 Level of the Least Performing Reference Asset, which will be equal to the Closing Level of such Reference Asset on the Final Review Date. In calculating the Final Level 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 Level of the Least Performing Reference Asset is less than its Barrier Level on the Final Review Date, the return on the Notes will be negative, regardless of its Closing Level on any other day. Risks Relating to Characteristics of the Reference Asset Because the Notes are Linked to the Least Performing Reference Asset, You Are Exposed to a Greater Risk of Not Receiving Any Contingent Interest Payments and Losing a Significant Portion or All of Your Initial Investment at Maturity than if the Notes Were Linked to a Single Reference Asset. The risk that you will not receive any Contingent Interest Payments and lose a significant portion or all of your initial investment in the Notes is greater if you invest in the Notes than the risk of investing in substantially similar securities that are linked to the performance of only one Reference Asset. With more Reference Assets, it is more likely that the Closing Level of any Reference Asset will be less than its Barrier Level on any Review Date and that the Final Level of any Reference Asset will be less than its Barrier Level than if the Notes were linked to a single Reference Asset. In addition, the lower the correlation is between the performance of a pair of Reference Assets, the more likely it is that one of the Reference Assets will decline in level to a Closing Level that is less than its Barrier Level on any Review Date and a Final Level that is