Company: TDBCP
Filing Date: 2025-05-05
Form Type: 424B2
Source: 0001140361-25-017298
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-05
Form: 424B2
Chunk 3
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 will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value of the Least Performing Reference Asset is less than its Initial Value, and may lose the entire Principal Amount. The Notes Do Not Pay Interest and Your Return May Be Less Than 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 the 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 that of a conventional, interest-bearing senior debt security of TD. Your Potential Return on the Notes Is Fixed and Limited to the Digital Return and You Will Not Participate in Any Appreciation in the Value of Any Reference Asset. Your potential return on the Notes is fixed and is limited to the Digital Return. You will receive the Digital Return only if the Final Value of each Reference Asset is greater than or equal to its Barrier Value. You will not participate in any appreciation of any Reference Asset even though you will be exposed to the downside market risk of the Least Performing Reference Asset. Accordingly, your return on the Notes may be less than the return on an investment in a note directly linked to the performance of any Reference Asset or in a hypothetical investment in the Reference Asset or the stocks comprising each Reference Asset (the “Reference Asset Constituents”). The Payment at Maturity Is Not Linked to the Closing Value of Any Reference Asset at Any Time Other Than the Final Valuation Date. Any payments on the Notes will be based on the Closing Value of the Least Performing Reference Asset only on the Final Valuation Date. Even if the value of the Least Performing Reference Asset appreciates prior to the Final Valuation Date but then drops on that day to a Closing Value that is less than its Barrier Value, the Payment at Maturity may be significantly less than it would have been had the Notes been linked to the Closing Value of the Least Performing Reference Asset on a date other than the Final Valuation Date, and may be zero. Although the actual values of the Reference Assets at other times during the term of the Notes may be higher than the values on the Final Valuation Date, the Payment at Maturity will be based solely on the Closing Value of the Least Performing Reference Asset on the Final Valuation Date. The Return on Your Notes May Change Significantly Despite Only a