Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 22

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 22
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 of that Market Measure or its Underlying Constituents may decrease subsequent to the pricing date of an issue of the SUNs, which may adversely affect the market value of, and return on, the SUNs. We, the agents, or one or more of our or their respective affiliates expect to also engage in hedging activities that could increase the value of the Market Measure on the applicable pricing date. In addition, these activities, including the unwinding of a hedge, may decrease the market value of your SUNs prior to maturity or any automatic call, including on the calculation day or, if applicable, on each Observation Date, and may reduce the Redemption Amount or, if applicable, adversely affect whether the SUNs will be called on an Observation Date. We, the agents, or one or more of our or their respective affiliates may purchase or otherwise acquire a long or short position in the SUNs, and may hold or resell the SUNs. For example, the agents or their affiliates may enter into these transactions in connection with any market making activities in which they engage. We cannot assure you that these activities will not adversely affect the value of the Market Measure, the market value of your SUNs prior to maturity or any automatic call or the Redemption Amount. PS-19 Our trading, hedging and other business activities, and those of the agents or one or more of our or their respective affiliates, may create conflicts of interest with you. We, the agents, or one or more of our or their respective affiliates may engage in trading activities related to the Market Measure and any of its Underlying Constituents that are not for your account or on your behalf. We, the agents, or one or more of our or their respective affiliates also may issue or underwrite other financial instruments with returns based upon the applicable Market Measure. In addition, in the ordinary course of their business activities, the agents and their affiliates may hold and trade our or our affiliates’ debt and equity securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts of their customers. Certain of the agents or their affiliates may also have a lending or other financial relationship with us. In order to hedge such exposure, the agents or their affiliates may enter into transactions such as the purchase of credit default swaps or the creation of short positions in our or our affiliates’ securities, including potentially the SUNs. Any such positions could adversely affect future trading prices of the SUNs. These trading and other business activities may present a conflict