Company: TDBCP
Filing Date: 2025-12-08
Form Type: 424B2
Source: 0001140361-25-044823
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-08
Form: 424B2
Chunk 4
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 to these and other risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the Notes and the suitability of the Notes in light of their particular circumstances. Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss. The Notes do not guarantee the return of the Principal Amount and investors may lose up to 85.00% of their investment in the Notes. Specifically, if the Final Value is less than the Buffer Value, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value is less than the Initial Value in excess of the Buffer Amount, and may lose up to 85.00% of the Principal Amount. Your Potential Return From Any Potential Increase in the Value of the Reference Asset Is Limited by the Maximum Upside Redemption Amount and May Be Less Than the Return on a Hypothetical Direct Investment in the Reference Asset. The opportunity to participate in the possible increase in the value of the Reference Asset through an investment in the Notes is limited because the Payment at Maturity resulting from any increase in the value of the Reference Asset will not exceed the Maximum Upside Redemption Amount. Accordingly, your return on the Notes may be less than that of a hypothetical direct investment in the Reference Asset or the stocks and other assets comprising the Reference Asset (the “Reference Asset Constituents”) or in a security directly linked to the positive performance of the Reference Asset or the Reference Asset Constituents. Your Potential Return From the Contingent Absolute Return Is Limited by the Buffer Value and the Contingent Absolute Return Feature is Not the Same as Taking a Short Position Directly in the Reference Asset Constituents. The opportunity to benefit from any decline in the value of the Reference Asset through an investment in the Notes is limited because of the Buffer Value, and you will not benefit from any decline in the value of the Reference Asset below the Buffer Value. Further, even if the Final Value is less than the Initial Value and greater than or equal to the Buffer Value, the return on the Notes will not reflect the return you would realize if you actually took a short position directly in the Reference Asset Constituents. For example, to maintain a short position in a Reference Asset Constituent, you would have to pay dividend payments (if any) to the entity that lends you the Reference Asset