Company: TDBCP
Filing Date: 2025-10-20
Form Type: 424B2
Source: 0001140361-25-038662
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-20
Form: 424B2
Chunk 5
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USA) LLC | P-5 |

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 and other risks, please see “Additional Risk Factors Specific to the Notes” in the product supplements and “Risk Factors” in the prospectus. 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 80.00% of their investment in the Notes. Specifically, if the Final Basket Value is less than the Buffer Value, investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Basket Value is less than the Initial Basket Value in excess of the Buffer Amount, and may lose up to 80.00% of the Principal Amount. Your Potential Return Is Limited by the Maximum Redemption Amount and May Be Less Than the Return on a Hypothetical Direct Investment in the Basket or the Basket Components. The opportunity to participate in the possible increase in the value of the Basket through an investment in the Notes is limited because the Payment at Maturity will not exceed the Maximum Redemption Amount. Accordingly, your return on the Notes may be less than that of a hypothetical direct investment in the Basket, the Basket Components or the stocks and other assets comprising the Basket Components (the “Basket Component Constituents”) or in a security directly linked to the positive performance of the Basket, the Basket Components or the Basket Component Constituents. The Notes Do Not Pay Interest and Your Return May Be Less Than the Return on a Conventional Debt Security of Comparable Maturity. There will be no periodic interest payments on the Notes as there would be on a conventional fixed-rate or floating-rate debt security having a comparable maturity. The return that you will receive on the Notes, which could be negative, may be less than the return you could earn on other investments. Even if your return on the Notes is positive, your return may be less than the return you would earn if you bought a conventional, interest-bearing senior debt security of TD of comparable maturity. The Payment at Maturity is Not Linked to the Closing Values of the Basket Components at Any Time Other Than the Valuation Date. Any payment