Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 17

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 17
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 market price of the SUNs, if any, may be materially less than the initial estimated value of the SUNs, as set forth in the applicable term sheet, determined by reference to our internal pricing models. In addition, market conditions and other relevant factors in the future may change and any assumptions may prove to be incorrect. The initial estimated value of the SUNs will not be a prediction of the prices at which you may sell the SUNs in the secondary market, if any exists, and such secondary market prices, if any, will likely be less than the public offering price of the SUNs, may be less than the initial estimated value of the SUNs and could result in a substantial loss to you.The initial estimated value of the SUNs, as set forth in the applicable term sheet, will not be a prediction of the prices at which BofAS, our or their respective affiliates or third parties may be willing to purchase such SUNs from you in secondary market transactions (if they are willing to purchase, which they are not obligated to do). The price at which you may be able to sell the SUNs in the secondary market at any time, if any, will be influenced by many factors that cannot be predicted, such as market conditions, and any bid and ask spread for similar sized trades, and may be substantially less than the initial estimated value of the SUNs. Further, as secondary market prices of the SUNs take into account the levels at which our debt securities trade in the secondary market, and do not take into account our various costs and expected profits associated with selling and structuring the SUNs, as well as hedging our obligations under the SUNs, secondary market prices of the SUNs will likely be less than the public offering price of the SUNs. As a result, the price at which BofAS, our or their respective affiliates or third parties may be willing to purchase the SUNs from you in secondary market transactions, if any, will likely be less than the price you paid for the SUNs, and any sale prior to maturity could result in a substantial loss to you. PS-16 We cannot assure you that there will be a trading market for your SUNs.If a secondary market exists, we cannot predict how the SUNs will trade, or whether that market will be liquid or illiquid. The development of a trading market for the SUNs will depend on various factors, including our financial performance and changes in the value of the Market Measure. The number of potential buyers of your SUNs in any