Company: TDBCP
Filing Date: 2025-11-07
Form Type: 424B2
Source: 0001140361-25-041110
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-11-07
Form: 424B2
Chunk 4
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 is less than its Initial Value, and may lose the entire Principal Amount. The Notes Do Not Pay Interest and You Will Lose a Significant Portion or All of Your Investment If the Notes Are Not Automatically Called. There will be no periodic interest payments on the Notes. You will receive a positive return on the Notes only if they are automatically called, meaning that the Closing Value of each Reference Asset must be greater than or equal to its Call Threshold Value on a Call Observation Date. If the Notes are not automatically called then the Final Value of at least one Reference Asset is less than its Barrier Value, you will not receive a positive return on your investment and, instead, you will lose 1% of the Principal Amount of the Notes for each 1% that the Final Value of the Least Performing Reference Asset is less than its Initial Value. If the Notes are not automatically called, you will not receive a positive return on the Notes and you will instead lose a significant portion or all of your Principal Amount. Your Return on the Notes May Change Significantly Despite Only a Small Difference in the Least Performing Percentage Change. Your return on the Notes may change significantly despite only a small percentage change in the Least Performing Percentage Change. For example, if the Final Value of the Least Performing Reference Asset is equal to its Call Threshold Value on the Final Valuation Date (which is equal to Barrier Value), you would receive a positive return on your Notes that is equal to the Call Price, whereas a Final Value that is only slightly lower than its Barrier Value would instead result in a percentage loss of your Principal Amount equal to the Least Performing Percentage Change. The return on an investment in the Notes in these two scenarios is significantly different despite only a small relative difference in the Least Performing Percentage Change. The Potential Positive Return on the Notes Is Limited to the Applicable Call Premium Paid on the Notes, If Any, Regardless of Any Increase of Any Reference Asset. The potential positive return on the Notes is limited to the applicable Call Premium to be paid only if the Notes are subject to an automatic call, regardless of any increase in the level of the Least Performing Reference Asset. Even if the Notes are subject to an automatic call, if the percentage of increase of any Reference Asset exceeds the percentage return represented by the applicable Call Premium, the return on the Notes will be less than the return on a hypothetical direct investment in such Reference Asset, in a security directly linked to the positive performance of such Reference Asset or a hypothetical investment in the stocks and other assets comprising such Reference Asset (its “Reference Asset