Company: TDBCP
Filing Date: 2025-03-11
Form Type: 424B2
Source: 0001140361-25-008064
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-11
Form: 424B2
Chunk 5
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 maturity. Your Potential Return Will Be Limited By the Maximum Redemption Amount and May Be Less Than the Return on a Hypothetical Direct Investment in The Least Performing Reference Asset. The opportunity to participate in the possible increases in the level of the Least Performing Reference Asset through an investment in the Notes will be limited because the Payment at Maturity will not exceed the Maximum Redemption Amount. Furthermore, if the Least Performing Percentage Change is positive, the effect of the Leverage Factor will not be taken into account for any Least Performing Percentage Change that results in a Payment at Maturity that is greater than the Maximum Redemption Amount, regardless of any further increase in the Final Value of the Least Performing Reference Asset. Accordingly, your return on the Notes may be less thanthe return on a hypothetical direct investment in such Reference Asset, in a security directly linked to the positive performance of such Reference Asset or a hypothetical investment in the stocks and other assets comprising such Reference Asset (its “Reference Asset Constituents”). The Payment at Maturity Is Not Linked to the Value of the Least Performing Reference Asset at Any Time Other than on the Final Valuation Date. The Final Value of each Reference Asset will be based on its Closing Value on the Final Valuation Date. Therefore, if the Closing Value of any Reference Asset dropped precipitously on the Final Valuation Date, the Payment at Maturity for your Notes may be significantly less than it would have been had the Notes been linked to the Closing Value of the Least Performing Reference Asset on a date other than the Final Valuation Date, and may be zero. Although the actual values of the Reference Assets at other times during the term of your Notes may be higher than the values on the Final Valuation Date, your return is based only on the Closing Value of the Least Performing Reference Asset on the Final Valuation Date. Risks Relating to Characteristics of the Reference Assets There Are Market Risks Associated With Each Reference Asset. The value of each Reference Asset can rise or fall sharply due to factors specific to such Reference Asset, the Reference Asset Constituents and their issuers (the “Reference Asset Constituent Issuers”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock and commodity market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Reference Assets for your Notes. For additional information, see “Information Regarding the Reference