Company: TDBCP
Filing Date: 2025-07-29
Form Type: 424B2
Source: 0001140361-25-027700
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-29
Form: 424B2
Chunk 3
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) LLC | P-5 |

Additional Risk Factors The Notes involve risks not associated with an investment in conventional debt securities. This section describes the most significant risks relating to the terms of the Notes. For additional information as to these and other risks, please see “Additional Risk Factors Specific to the Notes” in the product supplement and “Risk Factors” in the prospectus. Investors should consult their investment, legal, tax, accounting and other advisors as to the risks concerning an investment in the Notes and the suitability of the Notes in light of their particular circumstances. Risks Relating to Return Characteristics Your Investment in the Notes May Result in a Loss. The Notes do not guarantee the return of the Principal Amount and investors may lose up to their entire investment in the Notes. Specifically, if the Final Value of any Reference Asset is less than its Barrier Value, investors 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, and may lose the entire Principal Amount. The Notes Do Not Pay Interest and Your Return May Be Less Than the Return on a Conventional Debt Security 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 a comparable maturity. 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 that of a conventional, interest-bearing senior debt security of TD of comparable maturity. Your Potential Return on the Notes Is Fixed and Limited to the Digital Return and You Will Not Participate in Any Appreciation in the Value of Any Reference Asset. Your potential return on the Notes is fixed and is limited to the Digital Return. You will receive the Digital Return only if the Final Value of each Reference Asset is greater than or equal to its Initial Value. You will not participate in any appreciation of any Reference Asset even though you will be exposed to the downside market risk of the Least Performing Reference Asset. Accordingly, your return on the Notes may be less than the return on an investment in a note directly linked to the performance of any Reference Asset or in a hypothetical investment in the Reference Asset or the stocks comprising each Reference Asset (the “Reference Asset Constituents”). The Payment at Maturity Is Not Linked to the Closing Value of Any Reference Asset at Any Time Other Than on the Final Valuation Date. The Final Value of