Company: TDBCP
Filing Date: 2025-05-01
Form Type: 424B2
Source: 0001140361-25-016857
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-01
Form: 424B2
Chunk 4
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 the Reference Asset or the stocks comprising each Reference Asset (the “Reference Asset Constituents”). The Payment at Maturity Is Not Linked to the Closing Value of Any Reference Asset at Any Time Other Than the Final Valuation Date. Any payments on the Notes will be based on the Closing Value of the Least Performing Reference Asset only on the Final Valuation Date. Even if the value of the Least Performing Reference Asset appreciates prior to the Final Valuation Date but then drops on that day to a Closing Value that is less than its Barrier Value, the Payment at Maturity may be significantly less than it would have been had the Notes been linked to the Closing Value of the Least Performing Reference Asset on a date other than the Final Valuation Date, and may be zero. Although the actual values of the Reference Assets at other times during the term of the Notes may be higher than the values on the Final Valuation Date, the Payment at Maturity will be based solely on the Closing Value of the Least Performing Reference Asset on the Final Valuation Date. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Final Value. If the Final Value of any Reference Asset is less than its Barrier Value, you will receive less than the Principal Amount of your Notes and you could lose a significant portion or all of your investment in the Notes. This means that while a decrease in the Least Performing Reference Asset by up to 30% from its Initial Value to its Final Value will result in a positive return on the Notes that is equal to the Digital Return, any additional decrease in the Final Value of the Least Performing Reference Asset will instead result in a loss of 1% of the Principal Amount of your Notes for each 1% negative Percentage Change, up to the entire Principal Amount of your Notes. Risks Relating to Characteristics of the Reference Assets There Are Market Risks Associated With Each Reference Asset. The value of each Reference Asset can rise or fall sharply due to factors specific to such Reference Asset, its Reference Asset Constituents and their issuers (the “Reference Asset Constituent Issuers”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Reference Assets, the Reference Asset Constituents and the Reference Asset Constituent Issuers for your Notes. For