Company: TDBCP
Filing Date: 2025-03-10
Form Type: 424B2
Source: 0001140361-25-007874
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-10
Form: 424B2
Chunk 3
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. However, the opportunity to receive inverse exposure to any decline in the price of the Reference Asset through an investment in the Notes is limited by the Buffer Price. If the Final Price  
 is less than the Buffer Price, you will receive at maturity a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the Final Price, will be worth less than the Principal       
 Amount, and, therefore, may lose your entire Principal Amount of the Notes. Specifically, as of the Valuation Date, you will lose 1.25% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price in 
 excess of the Buffer Amount, and may lose your entire investment in the Notes.Any payments or deliveries on the Notes, including any repayment of principal, are subject to our credit risk.                                                    |

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. 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 and You May Receive Shares of the Reference Asset in Lieu of Any Cash Payment on the Maturity Date. 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 Final Price is less than the Buffer Price, investors will receive a number of shares of the Reference Asset per Note equal to the Physical Delivery Amount, the value of which, based on the Final Price, will be worth less than the Principal Amount, and, therefore, may lose the entire Principal Amount of the Notes. If you receive the Physical Delivery Amount, your investment will be exposed to a loss on a leveraged basis if the Final Price is less than the Initial Price by more than the Buffer Amount. Specifically, as of the Valuation Date, you will lose 1.25% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price in excess of the Buffer Amount, and may lose your entire investment in the Notes. Furthermore, the value