Company: TDBCP
Filing Date: 2025-03-10
Form Type: 424B2
Source: 0001140361-25-007861
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-10
Form: 424B2
Chunk 4
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 Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss and You May Receive Shares of the Reference Asset in Lieu of Any Cash Payment on the Maturity Date. The Notes do not guarantee the return of the Principal Amount and investors may lose up to their entire investment in the Notes. Specifically, if the Final Price is less than the Buffer Price, investors will receive a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the Final Price, will be worth less than the Principal Amount, and, therefore, may lose the entire Principal Amount of the Notes. If you receive the Physical Delivery Amount, your investment will be exposed to a loss on a leveraged basis if the Final Price is less than the Initial Price by more than the Buffer Amount. Specifically, as of the Valuation Date, you will lose approximately 1.1111% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price in excess of the Buffer Amount, and may lose your entire investment in the Notes. Furthermore, the value of the Physical Delivery Amount received on the Maturity Date may be less than the payment that you would have received had we instead paid an amount in cash, as a result of any decrease in the price of the Reference Asset during the period between the Valuation Date and the Maturity Date. Your Potential Return on the Notes Is Fixed and Limited to the Digital Return, and You Will Not Participate in Any Increase in the Price of the Reference Asset. Your potential positive return on the Notes is fixed and is limited to the Digital Return. You will receive the Digital Return only if the Final Price is greater than or equal to the Buffer Price. You will not participate in any appreciation of the Reference Asset, which may be significant, even though you will be exposed to its downside market risk. Accordingly, your return on the Notes may be less than your return would be if you made an investment in a security directly linked to the positive performance of the Reference Asset or the assets comprising the Reference Asset (the “Reference Asset Constituents”). The Return on Your Notes May Change Significantly Despite Only a Small Change in the Final Price. If the Final Price is less than the Buffer Price, you will receive less than the Principal Amount of your Notes and you will lose some or all of your investment in the Notes. This means that while a Final Price that is less than the Initial Price but greater than or equal to the