Company: TDBCP
Filing Date: 2025-07-25
Form Type: 424B2
Source: 0001140361-25-027290
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-25
Form: 424B2
Chunk 4
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 lose 1% of the Principal Amount of each of your Notes for every 1% that the Final Level is less than the Initial Level and you may lose your entire Principal Amount. The Notes Do Not 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. Your Potential Payment at Maturity on the Notes Is Fixed and Limited to the Threshold Settlement Amount and You Will Not Participate in Any Appreciation in the Level of the Reference Asset. Your potential Payment at Maturity on the Notes is fixed as of the Pricing Date and is limited to the Threshold Settlement Amount, which you will receive only if the Final Level is equal to or greater than the Threshold Level. The Notes do not provide for any participation in the positive performance of the Reference Asset no matter how much the level of the Reference Asset may rise above the Initial Level over the term of your Notes. Therefore, an investment in the Notes could result in a return, if any, that will be significantly less than that of a hypothetical direct investment in the Reference Asset. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Closing Level of the Reference Asset. If the Final Level is less than the Threshold Level, you will receive less than the Principal Amount of your Notes and you will lose a substantial portion or all of your investment in the Notes. This means that while a drop of 20.00% between the Initial Level and the Final Level will not result in a loss of principal on the Notes and will result in receiving the Threshold Settlement Amount, a decrease in the Final Level to less than 80.00% of the Initial Level will result in a loss of a significant portion or all of the Principal Amount of the Notes despite only a small change in the level of the Reference Asset. The Payment at Maturity Is Not Linked to the Level of the Reference Asset at Any Time Other than the Valuation Date. The Final Level will be the Closing Level of the Reference Asset on the Valuation Date (subject to adjustment as described elsewhere in this pricing supplement). Therefore,