Company: TDBCP
Filing Date: 2025-07-11
Form Type: 424B2
Source: 0001140361-25-025616
Chunk: 4

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-11
Form: 424B2
Chunk 4
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 your entire investment in the 
 Notes.Any payments on the Notes, including any repayment of principal, are subject to our credit risk.                                                                                                                                         |

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 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 entailed by 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 you may lose up to your entire investment in the Notes. Your investment will be exposed to a loss on a leveraged basis if the Final Level is less than the Buffer Level. Specifically, if the Notes are not automatically called then the Final Level is less than the Buffer Level and you will lose approximately 1.3333% of the Principal Amount of the Notes for each 1% that the Final Level is less than the Initial Level in excess of the Buffer Amount, and may lose your entire Principal Amount. No Interest Payments. We will not pay any interest with respect to the Notes. You Will Not Receive Any Call Premium If the Closing Level on any Review Date Prior to the Final Review Date is Less than the Initial Level and the Final Level of the Reference Asset is Less than the Step-Down Call Level on the Final Review Date. You will not necessarily receive any Call Premium on the Notes. You will receive the applicable Call Premium with respect to a Review Date prior to the Final Review Date only if the Closing Level on such Review Date is greater than or equal to the Initial Level, or if the Final Level of the Reference Asset on the Final Review Date is greater than or equal to the Step-Down Call Level. If the Closing Level is less than the Initial Level on any Review Date prior to the Final Review Date and the Final Level of the Reference Asset is less than the Step-Down Call Level on the Final Review Date, you will not receive any Call Premium, you will not receive a positive return on your Notes and, instead, you will suffer a loss on your investment as discussed above. The Potential Positive Return on the Notes Is Limited to the Applicable Call Premium Paid on the Notes, If Any, Regardless of Any