Company: TDBCP
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001140361-25-025581
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-11
Form: 424B2
Chunk 5
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| TD SECURITIES (USA) LLC | P-6 |

Additional Risk Factors The Notes involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the Notes. For additional information as to these risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. You should carefully consider whether the Notes are suited to your particular circumstances. Accordingly, investors should consult their investment, legal, tax, accounting and other advisors as to the risks entailed by an investment in the Notes and the suitability of the Notes in light of their particular circumstances. Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss. 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 Notes are not automatically called and the Final Price is less thanthe Principal Barrier Price, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Price is less thanthe Initial Price, and may lose the entire Principal Amount. You Will Not Receive the Contingent Coupon Payment With Respect to a Contingent Coupon Payment Date If the Closing Price on the Reference Asset on Such Contingent Coupon Observation Date Is Less Than the Contingent Coupon Barrier Price. You will not receive a Contingent Coupon Payment on a Contingent Coupon Payment Date if the Closing Price of the Reference Asset on the related Contingent Coupon Observation Date is less thanthe Contingent Coupon Barrier Price. If the Closing Price of the Reference Asset is less thanthe Contingent Coupon Barrier Price on each Contingent Coupon Observation Date over the term of the Notes, you will not receive any Contingent Coupon Payments and you will not receive a positive return on your Notes. Generally, this non-payment of any Contingent Coupon Payment will coincide with a greater risk of principal loss on your Notes at maturity. The Potential Positive Return on the Notes Is Limited to the Contingent Coupon Payments Paid on the Notes, If Any, Regardless of Any Appreciation in the Price of the Reference Asset. The potential positive return on the Notes is limited to any Contingent Coupon Payments paid, meaning any positive return on the Notes will be composed solely of the sum of any Contingent Coupon Payments paid over the term of the Notes. Therefore, if the appreciation of the Reference Asset exceeds the sum of any Contingent Coupon Payments