Company: TDBCP
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001140361-25-026897
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-23
Form: 424B2
Chunk 6
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 on the Notes is fixed as of the Pricing Date and is limited to the Threshold Settlement Amount, which you will receive only if the Final Level is equal to or greater than the Threshold Level. The Notes do not provide for any participation in the positive performance of the Reference Asset no matter how much the level of the Reference Asset may rise above the Initial Level over the term of your Notes. Therefore, an investment in the Notes could result in a return, if any, that will be significantly less than that of a hypothetical direct investment in the Reference Asset. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Closing Level of the Reference Asset. If the Final Level is less than the Threshold Level, 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 drop of 20.00% between the Initial Level and the Final Level will not result in a loss of principal on the Notes and will result in receiving the Threshold Settlement Amount, a decrease in the Final Level to less than 80.00% of the Initial Level 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 level of the Reference Asset. The Payment at Maturity Is Not Linked to the Level of the Reference Asset at Any Time Other than the Valuation Date. The Final Level will be the Closing Level of the Reference Asset on the Valuation Date (subject to adjustment as described elsewhere in this pricing supplement). Therefore, if the Closing Level of the Reference Asset dropped to a level that is less than the Threshold Level on the Valuation Date, you would not receive the Threshold Settlement Amount and would not receive your full Principal Amount and the Payment at Maturity for your Notes would be significantly less than it would have been had the Payment at Maturity been linked to the Closing Level of the Reference Asset prior to such drop in the level of the Reference Asset. Although the actual level of the Reference Asset on the Maturity Date or at other times during the term of your Notes may be higher than the Final Level, you will benefit from the Closing Level of the Reference Asset only on the Valuation Date. You Will Not Have Any Rights to the Reference Asset Constituents. As a holder of the Notes, your potential Payment at Maturity is limited to the Threshold Settlement Amount and you will not participate in any appreciation of the Reference Asset or Reference Asset Constituents. Additionally, you will not have