Company: TDBCP
Filing Date: 2025-03-25
Form Type: 424B2
Source: 0001140361-25-010252
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-25
Form: 424B2
Chunk 5
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 be +10%). You will only benefit from the Absolute Percentage Change if the Final Price is less than the Initial Price but greater than or equal to the Lower Barrier. Therefore, if the Final Price is less than the Initial Price but greater than or equal to the Lower Barrier, the amount you may receive at maturity will not exceed $1,158.00 for each $1,000 Principal Amount of the Notes. If, however, the Final Price is greater than or equal to the Initial Price or less than the Lower Barrier, the return on your Notes at maturity will be zero and you will only receive the Principal Amount of the Notes at maturity. The return of your principal amount in that case will not compensate you for losses associated with inflation or the value of money over time. The Notes Are Bearish Investments, Meaning They Provide Limited Inverse Exposure to the Performance of the Reference Asset at Maturity. The Notes are bearish investments and, by purchasing these Notes, you are taking the bearish view that the value of the Reference Asset will decline but remain greater than or equal to the Lower Barrier. The Notes provide limited inverse exposure to the performance of the Reference Asset at maturity. If the Final Price is less than the Initial Price and greater than or equal to the Lower Barrier, you will receive a positive return on your Notes equal to the Absolute Percentage Change. However, due to the inclusion of the Lower Barrier, you will not participate in any percentage decline in the Reference Asset greater than 15.80%. The Return On Your Notes May Change Significantly Despite Only A Small Change In The Closing Price Of The Reference Asset. Your ability to participate in any decline in the price of the Reference Asset over the term of the Notes is limited and the return on the Notes may change significantly despite only a small change in the Closing Price of the Reference Asset. For example, if the Final Price is slightly greater than the Lower Barrier, you will receive a positive return equal the Absolute Percentage Change, whereas a decline to a Final Price that is only slightly lower than the Lower Barrier would instead result in a return on your Notes at maturity of zero. The return on an investment in the Notes in these two scenarios is significantly different despite only a small relative difference in the Percentage Change. 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