Company: TDBCP
Filing Date: 2025-01-21
Form Type: 424B2
Source: 0001140361-25-001499
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-01-21
Form: 424B2
Chunk 12
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 if the opposite circumstances occur (i.e., if prevailing market interest rates rise and/or the perceived creditworthiness of the United States deteriorates), the price performance of the iShares ®20+ Year Treasury Bond ETF is likely to be negative. In any such case, the price performance of the iShares ®20+ Year Treasury Bond ETF may be zero or negative even though the yield performance of the iShares ®20+ Year Treasury Bond ETF over the same period is positive. The Value Of The iShares ®20+ Year Treasury Bond ETF May Be Influenced By Unpredictable Changes In The Markets And Economies Of The U.S. The price of the iShares ®20+ Year Treasury Bond ETF that attempts to track the performance of an index composed of U.S. Treasury bonds may be influenced by unpredictable changes, or expectations of changes, in the U.S. market. Changes in the U.S. government that may influence the value of the iShares ®20+ Year Treasury Bond ETF include: economic performance, including any financial or economic crises and changes in the gross domestic product, the principal sectors, inflation, employment and labor, and prevailing prices and wages; the monetary system, including the monetary policy, the exchange rate policy, the economic and tax policies, banking regulation, credit allocation and exchange controls; the external sector, including the amount and types of foreign trade, the geographic distribution of trade, the balance of payments, and reserves and exchange rates; public finance, including the budget process, any entry into or termination of any economic or monetary agreement or union, the prevailing accounting methodology, the measures of fiscal balance, revenues and expenditures, and any government enterprise or privatization program; and public debt, including external debt, debt service and the debt record. These factors interrelate in complex ways, and the effect of one factor on the market value of the bonds underlying the iShares ®20+ Year Treasury Bond ETF may offset or enhance the effect of another factor. Changes in the price of the iShares ®20+ Year Treasury Bond ETF may adversely affect any payment on the Notes. The iShares ®20+ Year Treasury Bond ETF Is Subject To Significant Risks, Including Interest Rate-Related And Credit-Related Risks. The iShares ®20+ Year Treasury Bond ETF invests in U.S. dollar-denominated fixed-income securities. The performance of the iShares ®20+ Year Treasury Bond ETF that is measured for purposes of the Notes will only reflect changes in the market prices of the bonds held by the iShares ®