Company: TDBCP
Filing Date: 2025-08-20
Form Type: 424B2
Source: 0001140361-25-032043
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-08-20
Form: 424B2
Chunk 5
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 Pay Interest and Your Return on the Notes May Be Less Than the Return on Conventional Debt Securities 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 having the same term. 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. 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 TD. The Amount You Will Receive on the Call Payment Date Will Be Capped. Regardless of the Closing Price of any Reference Asset on the Call Valuation Date the amount you may receive on the Call Payment Date, if any, is capped. Even if the Closing Price of each Reference Asset on the Call Valuation Date is greater than or equal to its Call Threshold Price, causing the Notes to be automatically called, the amount you will receive on the Call Payment Date will be capped, and you will not benefit from any increase in the Closing Price of any Reference Asset on such date above its Call Threshold Price. Additionally, because the Call Threshold Price of each Reference Asset is equal to 90.00% of its Initial Price, your Notes will be automatically called unless the Closing Price of a Reference Asset decreases to less than its Call Threshold Price as of the Call Valuation Date. If your Notes are automatically called on the Call Valuation Date, the maximum return you will receive for each $1,000 Principal Amount of your Notes will equal the Call Premium Percentage. The Notes May Be Automatically Called Prior to the Maturity Date And Are Subject to Reinvestment Risk. If your Notes are automatically called, no further payments will be owed to you under the Notes after the Call Payment Date. Therefore, because the Notes could be called as early as the Call Payment Date, your 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 such new investment. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Closing Price of a Reference Asset. If the Final Price of