Company: TDBCP
Filing Date: 2025-11-26
Form Type: 424B2
Source: 0001140361-25-043489
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-26
Form: 424B2
Chunk 5
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 could be called as early as the first potential Call Payment Date, the 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 the new notes. The Amounts Payable on the Notes, Including the Payment at Maturity, Are Not Linked to the Level of the Least Performing Reference Asset at Any Time Other Than on the Applicable Review Dates, Including the Final Review Date. Any payments on the Notes, including the Payment at Maturity, will be based on the Closing Level of the Least Performing Reference Asset only on the Review Dates (including the Final Review Date). Even if the level of the Least Performing Reference Asset increases at any other time but then declines to a Closing Level that is less than its Barrier Level on a Review Date, you will not receive the Contingent Interest Payment with respect to such Review Date. In addition, any Payment at Maturity will be calculated by reference to the Final Level of the Least Performing Reference Asset, which will be equal to the Closing Level of such Reference Asset on the Final Review Date. In calculating the Final Level of the Least Performing Reference Asset, positive performance of such Reference Asset before or after the Final Review Date that would lead to a positive return on the Notes will not be taken into account. Therefore, if the Closing Level of the Least Performing Reference Asset is less than its Barrier Level on the Final Review Date, the return on the Notes will be negative, regardless of its Closing Level on any other day. Risks Relating to Characteristics of the Reference Asset Because the Notes are Linked to the Least Performing Reference Asset, You Are Exposed to a Greater Risk of Not Receiving Any Contingent Interest Payments and Losing a Significant Portion or All of Your Initial Investment at Maturity than if the Notes Were Linked to a Single Reference Asset or Fewer Reference Assets. The risk that you will not receive any Contingent Interest Payments and lose a significant portion or all of your initial investment in the Notes is greater if you invest in the Notes than the risk of investing in substantially similar securities that are linked to the performance of only one Reference Asset or fewer Reference Assets. With more Reference Assets