Company: TDBCP
Filing Date: 2025-02-28
Form Type: 424B3
Source: 0001140361-25-006504
Chunk: 31

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-28
Form: 424B3
Chunk 31
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 the Ending Value, and you may lose all of your investment in the notes. Each applicable term sheet will provide examples of payments on the notes based on certain hypothetical Observation Levels and Ending Values. The applicable term sheet will set forth information as to the specific Market Measure, including information as to the historical values of the Market Measure. However, historical values of the Market Measure are not indicative of its future performance or the performance of your notes. An investment in the notes does not entitle you to any ownership interest in or any other rights with respect to the Market Measure or any of its Underlying Constituents, including any voting rights, dividends paid, other distributions made or any other rights with respect to the Market Measure or its Underlying Constituents. The Starting Value, the Observation Level and the Ending Value Starting Value In the case of an Index, unless otherwise specified in the applicable term sheet, the “ Starting Value” will be the closing level of the Index on the pricing date. In the case of an Underlying Fund, unless otherwise specified in the applicable term sheet, the “ Starting Value” will be the Closing Market Price (as defined below) of the Underlying Fund on the pricing date. If the Market Measure consists of a Basket, the Starting Value will be equal to 100. See “—Basket Market Measures.” Observation Level In the case of an Index, unless otherwise specified in the applicable term sheet, the “ Observation Level” will be the closing level of the Index on the applicable Observation Date. In the case of an Underlying Fund, unless otherwise specified in the applicable term sheet, the “ Observation Level” will be the Closing Market Price of the Underlying Fund on the applicable Observation Date multiplied by the Price Multiplier (as defined below) on that day. Ending Value The “ Ending Value” will be the Observation Level on the final Observation Date. PS-26 Unless otherwise set forth in the applicable term sheet, the “ closing level” of an Index (or any successor index) will be its official closing level published by its Market Measure Publisher on any Market Measure Business Day for the Market Measure, in each case as displayed on the relevant Bloomberg L.P. page or any successor page or service. The “ Closing Market Price” for one share of an Underlying Fund (or one unit of any other security for which a Closing Market Price must be determined) on any Market Measure Business Day means any of the following:

| • | if the Underlying Fund (or such other security) is listed or admitted to trading on