Company: TDBCP
Filing Date: 2025-06-17
Form Type: 424B3
Source: 0001140361-25-022771
Chunk: 12

Company: TORONTO DOMINION BANK
Filing Date: 2025-06-17
Form: 424B3
Chunk 12
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 be discrepancies between the values of the relevant Underlying Constituents and the trading prices of that Underlying Fund. In addition, there may be periods when the foreign exchange markets are closed for trading (for example during holidays in a country other than the United States) that may result in the values of the relevant non-U.S. Underlying Constituents remaining unchanged for multiple Market Measure Business Days in the locations where the SUNs (or any related Underlying Fund) trade. Conversely, there may be periods in which the foreign exchange markets are open, but the securities markets in which the SUNs (or any related Underlying Fund) trade are closed. The payment on the SUNs will not be adjusted for all events that could affect an Underlying Fund.The Price Multiplier(s), the Observation Levels, the Ending Value, the Redemption Amount, and other terms of the SUNs may be adjusted for the specified events affecting any Underlying Fund, as described under “Description of the SUNs—Anti-Dilution and Discontinuance Adjustments Relating to Underlying Funds” herein. However, these adjustments do not cover all events that could affect the market price of an Underlying Fund. The occurrence of any event that does not require the calculation agent to adjust the applicable Price Multiplier or the amount paid to you at maturity or upon a call may adversely affect the Closing Market Price of any Underlying Fund, the Observation Levels, the Ending Value, whether the SUNs will be called, and the Redemption Amount, and, as a result, the market value of the SUNs. Additional Risks Relating to Commodity-Based Underlying Funds The prices of commodities held by an Underlying Fund may change unpredictably, affecting the value of your SUNs in unforeseeable ways.Trading in commodities and futures contracts is speculative and can be extremely volatile. Their market prices may fluctuate rapidly based on numerous factors, including: changes in supply and demand relationships, liquidity, weather conditions and natural disasters, trends in agriculture, trade, fiscal, monetary, and PS-13 exchange control programs, national and international political, military, public health and economic events and policies, disease or pestilence; technological developments, changes in interest rates, whether through governmental action or market
      movements, currency exchange rates, volatility from speculative activities, the development, availability and/or decrease in price of substitutes, monetary and other governmental policies, action and inaction, macroeconomic or geopolitical and
      military events, including political instability in some oil-producing countries or other