Company: TDBCP
Filing Date: 2025-02-26
Form Type: 424B3
Source: 0001140361-25-006064
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-02-26
Form: 424B3
Chunk 3
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 than or equal to (or, in the case of bearish notes, less than or equal to) the Initial Level; (ii) in the case of notes with a buffer, the Final Level is greater than or equal to (or, in the case of bearish notes with a buffer, less than or equal to) the Buffer Level; and (iii) in the case of notes with a barrier, a Barrier Event has not occurred. If the Final Level is less than (or, in the case of bearish notes, greater than) the Initial Level or the Buffer Level or if a Barrier Event has occurred, as applicable, you will lose some or all of your Principal Amount. The Notes Do Not Pay Interest and Your Return May Be Lower than the Return on a Conventional Debt Security of Comparable Maturity. Unless specified otherwise in the applicable pricing supplement, there will be no periodic interest payments on the notes as there would be on a conventional fixed-rate or floating-rate debt security having the same maturity. The return that you will receive on your notes, which could be negative, may be less than the return you could earn on other investments. Even if your return is positive, your return may be less than the return you would earn if you bought a conventional senior interest bearing debt security of the Bank with the same Maturity Date or if you made a hypothetical direct investment in the Reference Asset or the constituents of the Reference Asset (the “Reference Asset Constituents”). Your investment may not reflect the full opportunity cost to you when you take into account factors that affect the time value of money. PS-7 Your Potential Payment at Maturity May Be Limited. If your notes are subject to a cap or a Digital Coupon, they will provide less opportunity to participate in the appreciation (or, in the case of bearish notes, depreciation) of the Reference Asset than an investment in a security linked to the Reference Asset providing full participation in the appreciation (or, in the case of bearish notes, depreciation), because the Payment at Maturity will not exceed the Maximum Redemption Amount or the Digital Coupon, as applicable. Accordingly, your return on the notes may be less than your return would be if you made an investment in a security directly linked to the performance of the Reference Asset. Owning the Notes Is Not the Same as a Hypothetical Direct Investment in the Reference Asset or its Reference Asset Constituents or Owning a Security Directly Linked to the Performance of the Reference Asset or its Reference Asset Constituents. The return on your