Company: TDBCP
Filing Date: 2025-05-21
Form Type: 424B2
Source: 0001140361-25-020016
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-21
Form: 424B2
Chunk 6
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 at maturity will be positive and will equal the Absolute Percentage Change (e.g., if the Percentage Change is -10%, your return will be +10%). You will only benefit from the Absolute Percentage Change if the Final Level is less than the Initial Level but greater than or equal to the Buffer Level. Therefore, if the Final Level is less than the Initial Level but greater than or equal to the Buffer Level, the amount you may receive at maturity will not exceed $1,213.70 for each $1,000 Principal Amount of the Notes. If, however, the Final Level is greater than or equal to the Initial Level, the return on your Notes at maturity will be zero and you will only receive the Principal Amount of the Notes at maturity. The return of your principal amount in that case will not compensate you for losses associated with inflation or the value of money over time. Alternatively, if the Final Level is less than the Buffer Level, you will receive less than the Principal Amount of the Notes at maturity and may lose your entire Principal Amount as described herein. The Notes Are Bearish Investments, Meaning They Provide Limited Inverse Exposure to the Performance of the Reference Asset at Maturity. The Notes are bearish investments and, by purchasing these Notes, you are taking the bearish view that the value of the Reference Asset will decline but remain greater than or equal to the Buffer Level. The Notes provide limited inverse exposure to the performance of the Reference Asset at maturity. If the Final Level is less than the Initial Level and greater than or equal to the Buffer Level, you will receive a positive return on your Notes equal to the Absolute Percentage Change. However, due to the inclusion of the Buffer Level, you will not participate in any percentage decline in the Reference Asset greater than 21.37%. The Return On Your Notes May Change Significantly Despite Only A Small Change In The Closing Level Of The Reference Asset. Your ability to participate in any decline in the value of the Reference Asset over the term of the Notes is limited and the return on the Notes may change significantly despite only a small change in the Closing Level of the Reference Asset. For example, if the Final Level is slightly greater than the Buffer Level, you will receive a positive return equal to the Absolute Percentage Change, whereas a decline to a Final Level that is only slightly lower than the Buffer Level would instead result in a negative return on your Notes at maturity. The return on an investment in the Notes in these two scenarios is significantly different despite only a small relative difference in the Percentage Change.