Company: TDBCP
Filing Date: 2025-10-06
Form Type: 424B2
Source: 0001140361-25-037328
Chunk: 15

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-06
Form: 424B2
Chunk 15
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 quoted) and other currencies, interest rates, central bank sales, forward sales by producers, global or regional political or economic events, and production costs and disruptions in major silver producing countries. The VanEck ®Gold Miners ETF has announced a change to its target index. Prior to market close on September 19, 2025, the VanEck ®Gold Miners ETF’s target index was the NYSE ®Arca Gold Miners Index ®. After market close on September 19, 2025, the VanEck ®Gold Miners ETF’s target index changed to the MarketVector™ Global Gold Miners Index. The MarketVector™ Global Gold Miners Index differs from the NYSE ®Arca Gold Miners Index ®, including in the use of different market capitalization criteria for inclusion in the index and different weighting schemes. Accordingly, the composition of the VanEck ®Gold Miners ETF changed as a result of this transition. In connection with this change, the VanEck ®Gold Miners ETF may have experienced, and may continue to experience, additional portfolio turnover, and the VanEck ®Gold Miners ETF may have experienced, and may continue to experience, higher tracking error than had been typical for the VanEck ®Gold Miners ETF. This change could have adversely affected, and may continue to adversely affect, the performance of the VanEck ®Gold Miners ETF and, in turn, your return on the Notes. In addition, when evaluating the historical performance of the VanEck ®Gold Miners ETF included below, you should bear in mind that the historical performance of the VanEck ®Gold Miners ETF might have been meaningfully different had the VanEck ®Gold Miners ETF tracked the MarketVector™ Global Gold Miners Index prior to September 19, 2025. The Notes Are Subject to Risks Associated With the Banking Sector. The Notes are subject to risks associated with the banking sector because the SPDR ®S&P ®Regional Banking ETF is comprised of the stocks of companies whose primary lines of business are directly associated with the banking sector, which means that it will be more affected by the performance of the banking sector versus a fund that is more diversified. The performance of bank stocks may be affected by extensive governmental regulation which may limit both the amounts and types of loans and other financial commitments they can make, and the interest rates and fees they can charge and the amount of capital they must maintain. Profitability is largely dependent on the availability and cost of capital