Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032043
Chunk: 9

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 9
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 in which risk is mitigated and diversified among all of the components of the basket, you will be exposed equally to the risks related to each Reference Asset on the Call Valuation Date and, if the Notes are not automatically called, on the Final Valuation Date. Poor performance by any Reference Asset over the term of the Notes will negatively affect your return and will not be offset or mitigated by a positive performance by any other Reference Asset. For instance, if the Notes are not automatically called, you will receive a negative return based upon the Least Performing Percentage Change if the Final Price of any Reference Asset is less than its Threshold Price on the Final 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 Call Valuation Date, Final Valuation Date, and therefore the Call Payment Date and Maturity Date, are 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 Call Valuation Date or Final Valuation Date, as applicable, no Market Disruption Event is occurring with respect to a particular Reference Asset, the Closing Price for such Reference Asset will be determined on the originally Call Valuation Date or Final Valuation Date, as applicable, 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