Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032059
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 4
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Reference Asset isless than its Barrier Level (which is equal to its Step-Down Call Level), you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Level of the Least 
 Performing Reference Asset is less than its Initial Level, and may lose your entire investment in the Notes.You will be exposed to the market risk of each Reference Asset and any decline in the level of                                                                                                                                                
 one Reference Asset may negatively affect your return on the Notes and will not be offset or mitigated by a lesser decline or any potential increase in the level of any other Reference Asset. Any payments 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. 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 Notes are not automatically called, and therefore Final Level of any Reference Asset is less than its Barrier Level (which is equal to its Step-Down Call Level), investors will lose 1% of the Principal Amount of the Notes for each 1% that the Final Level of the Least Performing Reference Asset is less than its Initial Level, and may lose their entire Principal Amount. No Interest Payments. We will not pay any interest with respect to the Notes. You Will Not Receive Any Call Premium If the Closing Level of any Reference Asset on the Review Date Prior to the Final Review Date is Less than its Initial Level and the Final Level of any Reference Asset is Less than its Step-Down Call Level on the Final Review Date. You will not necessarily receive any Call Premium on the Notes.You will not receive the applicable Call Premium on a Call Payment Date if the Closing Level of any Reference Asset on the Review Date prior to the Final Review Date is less than its Initial Level, or if the Final Level of any Reference Asset on the Final Review Date is less than its Step-