Company: TDBCP
Filing Date: 2025-07-21
Form Type: 424B2
Source: 0001140361-25-026610
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-21
Form: 424B2
Chunk 6
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ent Interest Payments and in a significant or entire loss of principal. Your Return May Be Less than the Return on a Conventional Debt Security of Comparable Maturity. The return that you will receive on your Notes, which could be negative, may be less than the return you could earn on other investments. The Notes do not provide for fixed interest payments and you may not receive any Contingent Interest Payments over the term of the Notes. Even if you do receive one or more Contingent Interest Payments and your return on the Notes is positive, your return may be less than the return you would earn if you bought a conventional, interest-bearing senior debt security of TD of comparable maturity. Your investment may not reflect the full opportunity cost to you when you take into account factors that affect the time value of money. The Notes May Be Automatically Called Prior to the Maturity Date And Are Subject to Reinvestment Risk. If your Notes are automatically called, no further payments will be owed to you under the Notes after the applicable Call Payment Date. Therefore, because the Notes could be called as early as the first potential Call Payment Date, the holding period could be limited. There is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes at a comparable return for a similar level of risk in the event the Notes are automatically called prior to the Maturity Date. Furthermore, to the extent you are able to reinvest such proceeds in an investment with a comparable return for a similar level of risk, you may incur transaction costs such as dealer discounts and hedging costs built into the price of the new notes. The Amounts Payable and/or Deliverable on the Notes, Including the Payment at Maturity, Are Not Linked to the Price of the Reference Asset at Any Time Other Than on the Applicable Review Dates, Including the Final Review Date. Any payments or deliveries on the Notes, including the Payment at Maturity, will be based on the Closing Price of the Reference Asset only on the Review Dates (including the Final Review Date). Even if the price of the Reference Asset appreciates at any other time but then declines to a Closing Price that is less than the Buffer Price on a Review Date, you will not receive the Contingent Interest Payment with respect to such Review Date on the corresponding Contingent Interest Payment Date. In addition, any Payment at Maturity will be calculated by reference to the Final Price, which will be equal to the Closing Price of the Reference Asset on the Final Review Date. In calculating the Final Price