Company: TDBCP
Filing Date: 2025-10-31
Form Type: 424B2
Source: 0001140361-25-039953
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-31
Form: 424B2
Chunk 8
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 Change if the Final Price of any Reference Asset is less than its Buffer Price on the Valuation Date, even if the Reference Asset return of another Reference Asset is positive or has not declined as much. Accordingly, your investment is subject to the market risk of each Reference Asset. We Do Not Control Any Reference Asset Issuer and Are Not Responsible for Any of its Disclosures. Neither we nor any of our affiliates have the ability to control the actions of any Reference Asset Issuer and have not conducted any independent review or due diligence of any information related to the Reference Assets or the Reference Asset Issuers. We are not responsible for any Reference Asset Issuer’s public disclosure of information on itself or the applicable Reference Asset, whether contained in SEC filings or otherwise. You should make your own investigation into each Reference Asset Issuer. Market Disruption Events and Postponements. The Valuation Date, and therefore the Maturity Date, is subject to postponement as described in the product supplement due to the occurrence of one or more market disruption events. For the avoidance of doubt, if on the originally scheduled Valuation Date no Market Disruption Event is occurring with respect to a particular Reference Asset, the Final Price for such Reference Asset will be determined on the originally Valuation Date irrespective of the occurrence of a Market Disruption Event with respect to any other Reference Asset. For a description of what constitutes a market disruption event as well as the consequences of that market disruption event, see “General Terms of the Notes—Market Disruption Events” in the product supplement. Risks Relating to Estimated Value and Liquidity TD’s Initial Estimated Value of the Notes at the Time of Pricing (When the Terms of Your Notes Were Set on the Pricing Date) is Less Than the Public Offering Price of the Notes. TD’s initial estimated value of the Notes is only an estimate. TD’s initial estimated value of the Notes is less than the public offering price of the Notes. The difference between the public offering price of the Notes and TD’s initial estimated value reflects costs and expected profits associated with selling and structuring the Notes, as well as hedging its obligations under the Notes with a third party. Because hedging our obligations entails risks and may be influenced by market forces beyond our control, this hedging may result in a profit that is more or less than expected, or a loss. P-8 TD’s and TDS’s Estimated Value of the Notes Are Determined By Reference to TD’s Internal Funding Rates and Are Not Determined By Reference to Credit Spreads or the Borrow