Company: TDBCP
Filing Date: 2025-08-07
Form Type: 424B3
Source: 0001140361-25-029431
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-07
Form: 424B3
Chunk 5
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 you will not receive a positive return on the Notes and you will instead lose a significant portion or all of your Principal Amount. Your Return on the Notes May Change Significantly Despite Only a Small Difference in the Least Performing Percentage Change. Your return on the Notes may change significantly despite only a small percentage change in the Least Performing Percentage Change. For example, if the Final Value of the Least Performing Reference Asset is equal to its Call Threshold Value on the Final Valuation Date (which is equal to Barrier Value), you would receive a positive return on your Notes that is equal to the Call Price, whereas a Final Value that is only slightly lower than its Barrier Value would instead result in a percentage loss of your Principal Amount equal to the Least Performing Percentage Change. The return on an investment in the Notes in these two scenarios is significantly different despite only a small relative difference in the Least Performing Percentage Change. The Potential Positive Return on the Notes Is Limited to the Applicable Call Premium Paid on the Notes, If Any, Regardless of Any Appreciation of Any Reference Asset. The potential positive return on the Notes is limited to the applicable Call Premium to be paid only if the Notes are subject to an automatic call, regardless of any appreciation in the level of the Least Performing Reference Asset. Even if the Notes are subject to an automatic call, if the percentage of appreciation of any Reference Asset exceeds the percentage return represented by the applicable Call Premium, the return on the Notes will be less than the return you would earn if you bought a hypothetical direct investment in such Reference Asset, in a security directly linked to the positive performance of such Reference Asset or a hypothetical investment in the stocks and other assets comprising the Reference Asset (its “Reference Asset Constituents”). Your Return May Be Less Than That of a Conventional Debt Security of Comparable Maturity. The return that you will receive on your Notes, which could be negative, may be less than that of other investments. The Notes do not provide for any interest payments and you may not receive a positive return on the Notes. Even if the Notes are subject to an automatic call and you receive the applicable Call Premium, your return on the Notes 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 Notes May Be Automatically Called Prior to the Maturity Date and Are Subject to Reinvestment Risk. If your Notes are automatically called, no further payments will be owed to you