Company: TDBCP
Filing Date: 2025-07-18
Form Type: 424B2
Source: 0001140361-25-026353
Chunk: 6

Company: TORONTO DOMINION BANK
Filing Date: 2025-07-18
Form: 424B2
Chunk 6
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 Furthermore, to the extent you are able to reinvest such proceeds in an investment with a comparable return for a similar level of risk, you may incur transaction costs such as dealer discounts and hedging costs built into the price of such new investment. The Return on Your Notes May Change Significantly Despite Only a Small Change in the Closing Price of the Reference Asset. If the Final Price is less than the Initial Price, you will receive less than the Principal Amount of your Notes and may lose all of your investment in the Notes. This means that while a Final Price that is equal to the Initial Price will result in a Payment at Maturity that is equal to the Threshold Settlement Amount, a decrease of the Final Price to less than the Initial Price will result in a loss on the Principal Amount of the Notes despite only a small change in the price of the Reference Asset. P-7 The Amount You Will Receive on the Call Payment Date or on the Maturity Date is Not Linked to the Closing Price of the Reference Asset at Any Time Other Than on the Call Valuation Date or the Final Valuation Date, as the Case May Be. The amount you will receive on the Call Payment Date, if any, will be paid only if the Closing Price of the Reference Asset on the Call Valuation Date is greater than or equal to the Call Threshold Price. Therefore, the Closing Price of the Reference Asset on dates other than the Call Valuation Date will have no effect on whether the Notes are subject to an automatic call and whether any amount will be paid in respect of your Notes on the Call Payment Date. In addition, the amount you will receive on the Maturity Date, if any, will be based on the Closing Price of the Reference Asset on the Final Valuation Date. Therefore, for example, if the Closing Price of the Reference Asset dropped precipitously on the Final Valuation Date, the Payment at Maturity may be significantly less than it would otherwise have been had it been linked to the Closing Price of the Reference Asset prior to such drop. Although the actual Closing Price of the Reference Asset on the Call Payment Date, Maturity Date or at other times during the term of the Notes may be higher than the Closing Price of the Reference Asset on the Call Valuation Date or the Final Valuation Date, you will not benefit from the Closing Prices of the Reference Asset at any time other than on the Call Valuation Date or on the Final Valuation Date. If You Purchase Your Notes at a Premium to Principal Amount, the Return on Your Investment Will