Company: TDBCP
Filing Date: 2025-03-25
Form Type: 424B2
Source: 0001140361-25-010252
Chunk: 7

Company: TORONTO DOMINION BANK
Filing Date: 2025-03-25
Form: 424B2
Chunk 7
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 of the Reference Asset or, any rights against the investment adviser of the Reference Asset (the “Investment Adviser”, as specified under “Information Regarding the Reference Asset”) or any other rights with respect to the Reference Asset or Reference Asset Constituents would enjoy. As a result, the return on your Notes may not reflect the return you would realize if you actually owned shares of the Reference Asset or the Reference Asset Constituents and received the dividends paid or other distributions made in connection with them. Your Notes will be paid in cash and you have no right to receive delivery of shares of the Reference Asset or any of its Reference Asset Constituents. An Investment in the Notes Is Not the Same As Taking a Hypothetical Short Position Directly in the Reference Asset or the Reference Asset Constituents. The return on the Notes will not reflect the return you would realize if you actually took a short position directly in the Reference Asset or the Reference Asset Constituents. Further, the absolute return feature is not the same as taking a short position directly in the Reference Asset or the Reference Asset Constituents. For example, if the price of the Reference Asset declines to a Final Price that is less than the Lower Barrier, the return on your Notes at maturity will be zero and will not benefit from any decline of the price of the Reference Asset in excess of -15.80%. Furthermore, to maintain a short position in a Reference Asset Constituent, you would have to pay dividend payments (if any) to the entity that lends you the Reference Asset Constituent for your short sale, and you could receive certain interest payments (the short interest rebate) from the lender. Risks Relating to Characteristics of the Reference Asset There Are Market Risks Associated with the Reference Asset. The price of the Reference Asset can rise or fall sharply due to factors specific to the Reference Asset, the Investment Adviser, the Reference Asset Constituents and their issuers (the “Reference Asset Constituent Issuers”), such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock and commodity market volatility and levels, interest rates and economic and political conditions. You, as an investor in the Notes, should make your own investigation into the Investment Adviser and the Reference Asset for your Notes. For additional information, see “Information Regarding the Reference Asset” in this pricing supplement and the Investment Adviser's SEC filings. We urge you to review financial