Company: TDBCP
Filing Date: 2025-09-22
Form Type: 424B2
Source: 0001140361-25-035692
Chunk: 10

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-22
Form: 424B2
Chunk 10
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 or changes in laws or regulations, which affect the price of silver, may affect the value of the notes. Members of the London Bullion MarketAssociation (the “LBMA”) set the fixings of silver (the “spot price”) used to determine the value of silver held by the Underlying Fund, and may adjust the determination of the spot price in a way that adversely affects the value of the notes. In setting the spot price, the LBMA has no obligation to consider your interests. The LBMA may from time to time change any rule or bylaw or take emergency action under its rules, any of which could affect the spot price. Any change of this kind could cause a decrease in the spot price of silver, which would adversely affect the value of the notes. In addition, the price of silver could be adversely affected by the promulgation of new laws or regulations or by the reinterpretation of existing laws or regulations (including, without limitation, those relating to taxes and duties on commodities or commodity components) by one or more governments, governmental agencies, courts, or other official bodies. Any event of this kind could adversely affect the spot price and, as a result, could adversely affect the value of the notes. The market value of the notes may be affected by price movements in distant-delivery futures contracts associated with the silver spot price. Price movements in the spot price of silver may not be reflected in the market value of the notes. If you are able to sell your notes, the price you receive could be affected by changes in the values of futures contracts on silver, which have more distant delivery dates than the silver spot price. The prices for these futures contracts may not increase to the same extent as the silver spot price, or may decrease to a greater extent, which may adversely affect the value of the notes.

| Market-Linked One Look Notes | TS-8 |

The Underlying Fund All disclosures contained in this term sheet regarding the Underlying Fund, including, without limitation, its make-up and method of calculation have been derived from publicly available sources, without independent verification. The information reflects the policies of, and is subject to change by, iShares Delaware Trust Sponsor LLC (“iShares Delaware”). iShares Delawarehas no obligation to continue to publish, and may discontinue publication of, the Underlying Fund. The consequences of iShares Delawarediscontinuing publication of the Underlying Fund are discussed in the section entitled “Description of the SUNs — Anti-Dilution and Discontinuance Adjustments Rel