Company: TDBCP
Filing Date: 2025-10-08
Form Type: 424B2
Source: 0001140361-25-037692
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-10-08
Form: 424B2
Chunk 4
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 on the Final Price, will be worth significantly less than the Principal Amount, and, therefore, may lose their entire Principal Amount of the Notes. The value of the Physical Delivery Amount received on the Maturity Date may be less than the payment that you would have received had we instead paid an amount in cash, as a result of any decrease in the price of the Reference Asset during the period between the Valuation Date and the Maturity Date. If you receive the Physical Delivery Amount, as of the Valuation Date the percentage decline in the value of the Physical Delivery Amount will equal to the percentage decrease from the Initial Price to the Final Price. Your Potential Return on the Notes Is Fixed and Limited to the Digital Return, You Will Not Participate in Any Increase in the Price of the Reference Asset. Your potential return on the Notes is fixed and is limited to the Digital Return. You will receive the Digital Return only if the Final Price is greater than or equal to the Barrier Price. You will not participate in any increase in the price of the Reference Asset, which may be significant, even though you will be exposed to its downside market risk. Accordingly, your return on the Notes may be less than that of a hypothetical direct investment in the Reference Asset or in a security directly linked to the positive performance of the Reference Asset. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Final Price. If the Final Price of the Reference Asset is less than the Barrier Price, you will receive less than the Principal Amount of your Notes and you will lose a significant portion or all of your investment in the Notes. This means that while a Final Price that is less than the Initial Price but greater than or equal to the Barrier Price will result in a positive return equal to the Digital Return, any additional decrease in the Final Price to below the Barrier Price will instead result in a loss, based on the Final Price, of 1% of the Principal Amount of the Notes for each 1% that the Final Price is less than the Initial Price, up to the entire Principal Amount of your Notes. 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 of 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. The Notes do not provide for interest