Company: TDBCP
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001140361-25-025581
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-11
Form: 424B2
Chunk 7
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 Notes Are Not Linked to the Price of the Reference Asset at Any Time Other Than on the Contingent Coupon Observation Dates (Including the Final Valuation Date) and Call Observation Dates. Any payments on the Notes will be based on the Closing Price of the Reference Asset only on the Contingent Coupon Observation Dates (including the Final Valuation Date) and Call Observation Dates. Even if the value of the Reference Asset appreciates prior to a Contingent Coupon Observation Date but then drops on that day to a Closing Price that is less than the Contingent Coupon Barrier Price, you will not receive any Contingent Coupon Payment with respect to such Contingent Coupon Payment Date. Similarly, the Payment at Maturity may be significantly less than it would have been had the Notes been linked to the Closing Price of the Reference Asset on a date other than the Final Valuation Date, and may be zero. Although the actual price of the Reference Asset at other times during the term of the Notes may be higher than the price on one or more Contingent Coupon Payment Dates (including the Final Valuation Date) or Call Observation Dates, any Contingent Coupon Payments on the Notes and the return on the Notes will be based solely on the Closing Price of the Reference Asset on the applicable Contingent Coupon Payment Dates (including the Final Valuation Date) and Call Observation Dates. The Contingent Coupon Will Reflect, in Part, the Volatility of the Reference Asset and May Not Be Sufficient to Compensate You for the Risk of Loss at Maturity. Generally, the higher the Reference Asset’s volatility, the more likely it is that the Closing Price of the Reference Asset price could be less than the Initial Price or the Contingent Coupon Barrier Price on a Call Observation Date or Contingent Coupon Observation Date or the Principal Barrier Price on the Final Valuation Date. Volatility means the magnitude and frequency of changes in the price of the Reference Asset. This greater risk will generally be reflected in a higher Contingent Coupon for the Notes than the interest rate payable on our conventional debt securities with a comparable term. However, while the Contingent Coupon is set on the Pricing Date, the Reference Asset’s volatility can change significantly over the term of the Notes, and may increase. The price of the Reference Asset could fall sharply on the Contingent Coupon Observation Dates, resulting in few or no Contingent Coupon Payments or on the Final Valuation Date, resulting in a significant or entire lossof principal . You Will Have No