Company: TDBCP
Filing Date: 2025-12-03
Form Type: 424B2
Source: 0001140361-25-044139
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-12-03
Form: 424B2
Chunk 6
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. In addition, if the Notes are not automatically called and the Final Level is equal to or greater than the Buffer Level, the Payment at Maturity you will receive on the Maturity Date is similarly capped by the Maximum Payment Amount. The Notes May Be Automatically Called Prior to the Maturity Date And Are Subject to Reinvestment Risk. If your Notes are automatically called, no further payments will be owed to you under the Notes after the Call Payment Date. Therefore, because the Notes could be called as early as the potential Call Payment Date, your holding period could be limited. There is no guarantee that you would be able to reinvest the proceeds from an investment in the Notes at a comparable return for a similar level of risk in the event the Notes are automatically called prior to the Maturity Date. Furthermore, to the extent you are able to reinvest such proceeds in an investment with a comparable return for a similar level of risk, you may incur transaction costs such as dealer discounts and hedging costs built into the price of such new investment. The Amount You Will Receive on The Call Payment Date or on the Maturity Date is Not Linked to the Closing Level of the Reference Asset at Any Time Other Than on the Call Valuation Date or the Final Valuation Date, as the Case May Be. The amount you will receive on the Call Payment Date, if any, will be paid only if the Closing Level of the Reference Asset on the Call Valuation Date is equal to or greater than the Initial Level. Therefore, the Closing Level of the Reference Asset on dates other than the Call Valuation Date will have no effect on whether the Notes are subject to an automatic call and whether any amount will be paid in respect of your Notes on the Call Payment Date. In addition, the amount you will receive on the Maturity Date, if any, will be based on the Closing Level of the Reference Asset on the Final Valuation Date. Therefore, if the Closing Level of the Reference Asset dropped to a level that is less than the Buffer Level on the Final Valuation Date, you would not receive the Maximum Payment Amount and would not receive your full Principal Amount and the Payment at Maturity for your Notes would be significantly less than it would have been had the Payment at Maturity been linked to the Closing Level of the Reference Asset prior to such drop in the level of the Reference Asset. P-6 Although the actual Closing Level of the Reference Asset on the Call Payment Date, Maturity Date or at other times during the term of the Notes may be higher than