Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027858
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 6
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 to the Maturity Date will cause your return on the Notes to be less than the return you would have received had we instead paid you an amount in cash equal to the value of the Share Delivery Amount calculated as of the Final Valuation Date. The Potential Positive Return on the Notes Is Limited to the Coupon Payments Paid on the Notes Regardless of Any Appreciation in the Price of the Reference Asset. The potential positive return on the Notes is limited to the Coupon Payments paid, meaning any positive return on the Notes will be composed solely of the sum of the Coupon Payments paid over the term of the Notes. Therefore, if the appreciation of the Reference Asset exceeds the sum of the Coupon Payments actually paid on the Notes, the return on the Notes will be less thanthe return on a direct investment in the Reference Asset or in a security directly linked to the positive performance of the Reference Asset. 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. Even if 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 Return on Your Notes May Change Significantly Despite Only a Small Change in the Price of the Reference Asset If the Final Price is less than the Principal Barrier Price, you will receive a number of shares of the Reference Asset (with cash paid in lieu of any fractional share) per Note equal to the Share Delivery Amount, the value of which, as of the Final Valuation Date, will be less than the Principal Amount of your Notes and you could lose all or a substantial portion of your investment in the Notes. This means that while a decrease in the Final Price to the Principal Barrier Price will not result in a loss of the Principal Amount on the Notes, a decrease in the Final Price to less than the Principal Barrier Price will result in a loss of a significant portion of the Principal Amount of the Notes despite only a small change in the price of the Reference Asset. The Payment at Maturity is Not Linked to the Price of the Reference Asset at Any Time Other Than on the Final Valuation Date. The Payment at Maturity will be based on the Final Price of the Reference Asset only on the Final Valuation Date. The