Company: TDBCP
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001140361-25-033680
Chunk: 3

Company: TORONTO DOMINION BANK
Filing Date: 2025-09-03
Form: 424B2
Chunk 3
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 temporary period expected to be approximately 3 months after the issue date because, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations under the securities and other costs in connection with the securities which we will no longer expect to incur over the term of the securities. We made such discretionary election and determined this temporary reimbursement period on the basis of a number of factors, including the tenor of the securities and any agreement we may have with the distributors of the securities. The amount of our estimated costs which we effectively reimburse to investors in this way may not be allocated ratably throughout the reimbursement period, and we may discontinue such reimbursement at any time or revise the duration of the reimbursement period after the issue date of the securities based on changes in market conditions and other factors that cannot be predicted. We urge you to read the “Selected Risk Considerations” in this pricing supplement.

P-6

| Investor Considerations |

The securities are not appropriate for all investors. The securities may be an appropriate investment for investors who:

| ■ | seek 153.40% leveraged exposure to the upside performance of the lowest performing Fund if its ending price is greater than its starting price; |

| ■ | desire to limit downside exposure to the Funds through the buffer amount; |

| ■ | are willing to accept the risk that, if the ending price of the lowest performing Fund is less than its starting price by more than the buffer amount, they will lose some, and possibly up to 85%, of the face amount per security at 
 maturity;                                                                                                                                                                                                                              |

| ■ | understand that the return on the securities will depend solely on the performance of the Fund that is the lowest performing Fund on the calculation day and that they will not benefit in any way from the performance of a better performing 
 Fund;                                                                                                                                                                                                                                          |

| ■ | understand that the securities are riskier than alternative investments linked to only one of the Funds or linked to a basket composed of each Fund; |

| ■ | understand and are willing to accept the full downside risks of each Fund; |

| ■ | are willing to forgo interest payments on the securities and dividends on the shares of any Fund and the securities held by any Fund; and |

| ■ | are willing to hold the securities until maturity. |

The securities may not be an appropriate investment for investors who:

| ■ | seek a liquid investment or are unable or unwilling to hold the securities to maturity; |

| ■ | are unwilling to accept the risk that