Company: TDBCP
Filing Date: 2025-05-30
Form Type: 424B2
Source: 0001140361-25-020961
Chunk: 8

Company: TORONTO DOMINION BANK
Filing Date: 2025-05-30
Form: 424B2
Chunk 8
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, in currency exchange rates; and the possibility of outbreaks of hostility, political instability, natural disaster or adverse public health developments. Any one of these factors, or the combination of more than one of these or other factors, could negatively affect such non-U.S. securities market and the prices of securities therein. Further, geographical regions may react to global factors in different ways, which may cause the prices of securities in a non-U.S. securities market to fluctuate in a way that differs from those of securities in the U.S. securities market or other non-U.S. securities markets. Non-U.S. economies may also differ from the U.S. economy in important respects, including growth of gross national product, rate of inflation, capital reinvestment, resources and self-sufficiency, which may have a negative effect on non-U.S. securities prices. The Performance of the Reference Asset Is Likely To Differ from the Performance of the STOXX ®Europe 600 Index. Although the Reference Asset consists of companies drawn from the universe of companies included in the STOXX ®Europe 600 Index, the companies comprising the Reference Asset represent only the banks supersector, as further described below. As a result, the performance of the Reference Asset is likely to differ from the performance of the STOXX ®Europe 600 Index because the composition and weighting of the Reference Asset differs markedly from the composition and weighting of the STOXX ®Europe 600 Index. As a result, the return on the Notes will not be the same as an investment with a payment at maturity based on the performance of the STOXX ®Europe 600 Index. P-7 The Reference Asset Is Concentrated in the Banks Supersector. All of the Reference Asset Constituents are issued by companies that were assigned by the Index Sponsor to the Banks supersector, as defined by the Industry Classification Benchmark. Because the value of, and return on, the Notes is based on the performance of the Reference Asset, an investment in these Notes will be concentrated in the Banks supersector. Stock prices for banking companies are affected by extensive governmental regulation which may limit both the amounts and types of loans and other financial commitments those companies can make, the interest rates and fees they can charge and the amount of capital they must maintain. Profitability for banking companies is largely dependent on the availability and cost of capital funds and can fluctuate significantly when interest rates change. Credit losses resulting from financial difficulties of borrowers can negatively impact banking companies. Banks may also be subject to severe price competition, as competition