Company: TDBCP
Filing Date: 2025-08-04
Form Type: 424B2
Source: 0001140361-25-028580
Chunk: 13

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-04
Form: 424B2
Chunk 13
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 shares of their product or service markets, fewer financial resources and less competitive strengths than large-capitalization companies and are more susceptible to adverse developments related to their products. Changes that Affect the Target Index of the VanEck ®Semiconductor ETF Will Affect the Market Value of, and Return on, the Notes. The VanEck ®Semiconductor ETF is an ETF that seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of its Target Index (as specified herein). The policies of the sponsor of its Target Index (an “Index Sponsor”) concerning the calculation of its Target Index, additions, deletions or substitutions of the components of its Target Index and the manner in which changes affecting those components, such as stock dividends, reorganizations or mergers, may be reflected in its Target Index and, therefore, could adversely affect the return on the Notes and the market value of the Notes prior to maturity. The market value of, and return on, the Notes could also be affected if the sponsor of its Target Index changes these policies, for example, by changing the manner in which it calculates its Target Index. Some of the risks that relate to a target index of an ETF include those discussed in the product supplement, which you should review. The Performance of the VanEck ®Semiconductor ETF May Not Correlate With That of Its Target Index. The performance of the VanEck ®Semiconductor ETF may not exactly replicate the performance of its Target Index because the VanEck ®Semiconductor ETF will reflect transaction costs and fees that are not included in the calculation of its Target Index. It is also possible that the VanEck ®Semiconductor ETF may not fully replicate or may in certain circumstances diverge significantly from the performance of its Target Index due to the temporary unavailability of certain securities in the secondary market, the performance of any derivative instruments contained in the VanEck ®Semiconductor ETF, differences in trading hours between the VanEck ®Semiconductor ETF and its Target Index or due to other circumstances. There Are Liquidity and Management Risks Associated with an ETF and the VanEck ®Semiconductor ETF Utilizes a Passive Indexing Investment Approach. Although shares of the VanEck ®Semiconductor ETF are listed for trading on a securities exchange and a number of similar products have been traded on various exchanges for varying periods of time, there is no assurance that an active trading market will continue for such shares or that there will be liquidity in that trading market. The VanEck ®