Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027809
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 4
---
 lose up to 85.00% of the Principal Amount. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Final Value. If the Final Value of the Least Performing Reference Asset is less than its Buffer Value, you will not receive any Contingent Absolute Return and, instead, you will receive less than the Principal Amount of your Notes and you could lose up to 85.00% of your investment in the Notes. This means that while a decrease of the Least Performing Reference Asset to a Final Value that is equal to its Buffer Value will result in a positive return on the Notes equal to the Contingent Absolute Return, any additional decrease in the Final Value of the Least Performing Reference will instead result in a loss of 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 in excess of the Buffer Amount. Owning the Notes is Not the Same as Owning the Reference Asset Constituents and the Contingent Absolute Return feature is Not the Same as Taking a Short Position Directly in the Reference Asset Constituents. The return on your Notes may not reflect the return you would realize if you actually owned any of the stocks and other assets comprising the Reference Assets (the “Reference Asset Constituents”). You will not receive or be entitled to receive any dividend payments or other distributions paid on the Reference Asset Constituents during the term of the Notes, and any such dividends or distributions will not be factored into the calculation of the Payment at Maturity on your Notes. In addition, as an owner of the Notes, you will not have voting rights or any other rights that a holder of the Reference Asset Constituents may have. Further, the Contingent Absolute Return feature will not reflect the return you would realize if you actually took a short position directly in the Reference Asset Constituents. For example, because of the Buffer Value, any positive return on the Notes from any percentage decline in the level of the Reference Asset will not exceed 15.00%. In addition, 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 Constituent for your short sale, and you could receive certain interest payments (the short interest rebate) from the lender. The Notes Do Not Pay Interest and Your Return on the Notes May Be Less Than the Return on a Conventional Debt Security of Comparable Maturity