Company: TDBCP
Filing Date: 2025-04-28
Form Type: 424B2
Source: 0001140361-25-016086
Chunk: 5

Company: TORONTO DOMINION BANK
Filing Date: 2025-04-28
Form: 424B2
Chunk 5
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 particular circumstances. Risks Relating to Return Characteristics Principal at Risk. Investors in the Notes could lose their entire Principal Amount if there is a decline in the price of the Reference Asset by more than the Buffer Percentage. If the Final Price is less than the Initial Price by more than 10.00%, you will lose a portion of each $1,000 Principal Amount in an amount equal to the productof (i) the Downside Multiplier times(ii) the sumof the negative Percentage Change plusthe Buffer Percentage times(iii) $1,000. Specifically, you will lose approximately 1.1111% of the Principal Amount of each of your Notes for every 1% that the Final Price is less than the Initial Price in excess of the Buffer Percentage and you may lose your entire Principal Amount. 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 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 the return you would earn if you bought a conventional senior interest bearing debt security of TD. Your Potential Return on the Notes Is Limited by the Maximum Payment Amount and May Be Less Than the Return on a Direct Investment In the Reference Asset. The opportunity to participate in the possible increases in the price of the Reference Asset through an investment in the Notes will be limited because the Payment at Maturity will not exceed the Maximum Payment Amount. Furthermore, the effect of the Leverage Factor will not be taken into account for any Final Price exceeding the Cap Price no matter how much the price of the Reference Asset may rise above the Cap Price. Accordingly, your return on the Notes may be less than your return would be if you made an investment in a security directly linked to the performance of the Reference Asset. The Initial Price of the Reference Asset was based on an intra-day price of the Reference Asset, which is lower than the Closing Price of the Reference Asset on the Strike Date. The Initial Price of the Reference Asset was an intra-day price of the Reference Asset on the Strike Date and is lower than the Closing Price of the Reference Asset on the Strike Date. All things being equal, a higher Initial Price (relative to its Closing Price on the Strike Date)