Company: TDBCP
Filing Date: 2025-08-25
Form Type: 424B2
Source: 0001140361-25-032473
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-25
Form: 424B2
Chunk 3
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 the Return on a Conventional Debt Security of Comparable Maturity. There will be no periodic interest payments on the Notes as there would be on a conventional fixed-rate or floating-rate debt security having a comparable maturity. The return that you will receive on your Notes may be less than the return you could earn on other investments. The Notes do not provide for interest payments and you may not receive any positive return on the Notes. Even if your return is positive, your return may be less than that of 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 Amount Payable on the Notes is Not Linked to the Price of the Reference Asset at Any Time Other Than as of the Valuation Date. The amount payable on the Notes will be based on the Final Price, which will be the Closing Price of the Reference Asset on the Valuation Date. Even if the price of the Reference Asset increases prior to the Valuation Date but then declines as of the Valuation Date, the Payment at Maturity may be significantly less than it would have been had the Payment at Maturity been linked to the price of the Reference Asset prior to such decline. Although the Closing Price of the Reference Asset on the Valuation Date or at other times during the term of the Notes may be higher than the Final Price, the Payment at Maturity will be based solely on the Closing Price of the Reference Asset on the Valuation Date, as compared to the Initial Price. Risks Relating to Characteristics of the Reference Asset There Are Market Risks Associated with the Reference Asset. The price of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset, its sponsor (the “Sponsor”) and the Reference Asset Constituents, such as supply and demand for gold, stock and commodity 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 Sponsor and the Reference Asset for your Notes. For additional information, see “Information Regarding the Reference Asset” in this pricing supplement. and the Sponsor’s SEC filings. We urge you to review financial and other information filed periodically by the Sponsor with the SEC. You Will Have No Rights to Receive Any Shares of the