Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032043
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 6
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 any Reference Asset is less than its Threshold Price, you will receive less than the Principal Amount of your Notes and you will lose a substantial portion or all of your investment in the Notes. This means that while a decrease of the Least Performing Reference Asset to a Final Price that is 60.00% of its Initial Price will not result in a loss of principal on the Notes, a decrease of its Final Price to less than 60.00% of its Initial Price will result in a loss of a significant portion or all of the Principal Amount of the Notes despite only a small change in the price of such Reference Asset. P-7 The Amount You Will Receive on the Call Payment Date or on the Maturity Date is Not Linked to the Closing Prices of the Reference Assets at Any Time Other Than on the Call Valuation Date or the Final Valuation Date, as the Case May Be. The amount you will receive on the Call Payment Date, if any, will be paid only if the Closing Price of each Reference Asset on the Call Valuation Date is greater than or equal to its Call Threshold Price. Therefore, the Closing Price of any Reference Asset on dates other than the Call Valuation Date will have no effect on whether the Notes are subject to an automatic call and whether any amount will be paid in respect of your Notes on the Call Payment Date. In addition, the amount you will receive on the Maturity Date, if any, will be based on the Closing Price of the Least Performing Reference Asset on the Final Valuation Date. Therefore, for example, if the Closing Price of a Reference Asset dropped precipitously on the Final Valuation Date, the Payment at Maturity may be significantly less than it would otherwise have been had it been linked to its Closing Price prior to such drop. Although the actual Closing Prices of the Reference Assets on the Call Payment Date, Maturity Date or at other times during the term of the Notes may be higher than their Closing Prices on the Call Valuation Date or the Final Valuation Date, you will not benefit from the Closing Price of any Reference Asset at any time other than on the Call Valuation Date or on the Final Valuation Date. Because the Notes are Linked to the Least Performing Reference Asset, You are Exposed to a Greater Risk of Losing All or a Substantial Portion of the Principal Amount of your Notes at Maturity Than if the Notes Were Linked to a Single Reference Asset. The risk that you will not receive any positive return on the Notes and lose all or a substantial portion of